Nicholas Financial direct originations skyrocket
Subprime lender Nicholas Financial has ramped up its direct loan originations 150.3% year over year, according to the company’s earnings ...
Tag: Nicholas Financial
Auto fraud climbs despite decline in loan applications
Fraudulent auto loan applications have shot up $2 million per month since the beginning of the coronavirus pandemic, despite an ...
Despite furloughing staff, Nicholas Financial continues to accept loan applications
Despite furloughing 15% of its employees last week, Nicholas Financial is still accepting new loan applications, several dealers confirmed to ...
Subprime Nicholas Financial furloughs 15% of staff
Nicholas Financial has furloughed 40 employees — or 15% of its workforce — in response to the COVID-19 crisis, according ...
Subprime stocks drop $7B in market cap since March
The auto finance sector has been pressured from all sides since COVID-19 took root in the U.S. With vehicle production ...
Is the coronavirus remedy digital?
Auto lenders have been steadily beefing up direct lending initiatives, and the new coronavirus might put their efforts to the ...
Nicholas Financial acquires $19M of Platinum Auto Finance’s active portfolio
Subprime lender Nicholas Financial is acquiring $19 million of Clearwater, Fla.-based Platinum Auto Finance’s active indirect auto portfolio, the companies ...
Nicholas Financial ramps up direct lending with market expansion
Nicholas Financial is zeroed in on market share expansion and its direct loan product as it enters a refreshed growth ...
