More Car Chases Coming In 2017 As More Subprime Auto Loans Default

Losses on subprime auto loans have spiked in the last few months. They jumped to 9.1% in January, up from 7.9% in January 2016. Recoveries on subprime auto loans also fell to just 34.8%, the worst performance in over seven years.

A local area car chase (vehicle delinquency interview) pays about $25. These are NOT repossessions. Two of the larger national car chase field service firms are long-time members of SOFI.