Anna Maria Andriotis
speaker
3,396 appearances
52 recordings
1 series
first heard Jul 2017
last heard Dec 2022
Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Americans Taking On Auto Loans, Credit Cards at Record Rates · 13 Jul 2021
podcast
Some 1.4 million general purpose credit cards were given to subprime borrowers in March.
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That's up 28% from last year and up 25% from 2019.
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Roughly 600,000 subprime auto loans and leases were originated in March, up 31% from a year before.
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The balances on those auto loans and leases of $11.7 billion were the highest on record.
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So not only is lending to people with good credit scores on the rise,
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But lending to people who are categorized as subprime borrowers is rising significantly as well.
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And that certainly points to a change in the appetite that lenders have for the amount of credit that they're extending and to the types of borrowers that they're extending that to.
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Unclear whether this will continue.
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I think the next few months will be telling.
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as to whether their lender's comfort level with subprime borrowers remains consistent and these lending patterns continue.
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Thank you, JR.
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So you have people with good credit who are doing very well with their auto loans.
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There really aren't any red flags there.
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But yet the story with people who have credit scores that are 600 and below is so different.
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I mean, the difference is stark.
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And it raises the questions of, well, why is the performance so different?
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What is going on here?
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Great to be speaking with you.
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So what we're looking at here are borrowers who have low credit scores, generally between 300 to 600.
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This is on a scale that taps out at 850.
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Showing 1181–1200 of 3,396 · page 60 of 170
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