Subprime Loans

What Do You Need to Know About Subprime Loans?

Subprime loan definition was made up after crisis that took place in 2008 and since then it was used to describe “high risk” loans. For now the majority of debts made are stated to be subprime. Subprime loan characteristics: borrower has low credit high interest rate low repay rate Borrower Has Low Credit Usually thatContinue reading