By Amir Dabiri - March 30, 2015
It’s been reported that Equifax, Inc recently reviewed two groups of consumers with Equifax Risk Scores below 550. Equifax found that over a three year period, consumers who originated a sub-prime auto loan showed a significant increase in their credit scores than those consumers that did not obtain a loan. Credit scores improved by a median of 52 points, which is a 62.5 percent improvement over the median score change of the group without loans. Those who secured a sub-prime auto loan were four times more likely than those who did not to improve their score to level above 640, in thus moving them out of the sub-prime segment.
ABCoA is a Software-as-a-Service company dedicated to the subprime industry. Our cloud-native ecosystem handles every part of business operations - improving productivity, security and accuracy, while consolidating vendors and reducing costs.
Since 1983, ABCoA has helped buy here pay here used car dealerships and subprime finance companies eliminate duplication, remain compliant, and achieve success with complete, customer-driven software and dependable support. Customers properly using Deal Pack have never lost an IRS audit.
Recently awarded Top Online Accounting Software for Deal Pack, ABCoA continuously elevates the standard for software in the subprime industry and helps customers grow through our commitment to quality, innovation, and service. Headquartered in Jacksonville, Florida with employees across four states, we remain family-owned and operated.
To learn more about ABCoA, visit www.abcoa.com.
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