Auto Credit Crunch Tightens
![](/content/img/icon-add.png)
Borrowers taking on more debt, moving many into delinquent territory.
Read more
Borrowers taking on more debt, moving many into delinquent territory.
The firm attributed the slowdown to improvements in oil states and tightening underwriting guidelines, which have also helped stabilize delinquency rates.
Originations continued to fall at a faster rate than previous years, as finance sources continued to tighten underwriting standards during 2017’s end-of-year quarter. TransUnion officials, however, say the sector is performing well as the economy remains relatively strong.
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In