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AmeriCredit Announces $500 million Securitization

autocreditexpress.net — Fort Worth-based AmeriCredit announced this week that it had successfully issued $500 million in securities backed by subprime car loans.

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  • davidhallstrom, on 10/09/2008, -0/+2First subprime home loans and now subprime auto loans. Okay.
  • inactive, on 10/12/2008, -0/+1Sub-prime auto loans have been around a long time. It is quite often the only way some people can buy cars and a way for them to establish credit or re-establish credit. Unfortunately I think we will see a lot more of these types of loans. But it is all together different than sub-prime home loans.

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