U.S. car lenders ease credit standards and terms to spur loans

Newswire

* Average credit scores decline to near pre-bust levels * Used-car loan terms extended one month to avg 59 months * Delinquencies and repossessions declined in Q1 May 29 (Reuters) - Lenders in the United States gave car buyers some of the easiest credit terms since the financial crisis in the first quarter as they competed to make more loans to borrowers they see as safe, a credit research company said on Tuesday. The lenders also provided more money to people with subprime credit scores, ...

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