"Since its inception, AutoLoans.com has steadily added lenders to its now burgeoning network. These five new members of our affiliate network are further evidence of our growth. Each of the new members is based in a different states, which also speaks to our broad, diverse customer base and potential to reach out to borrowers all across the country," said Auto Loans spokesman Mick Ronson.
All five new lenders were formally added to the Auto Loans network simultaneously, which is a significant number for a single month. The growing interest of lenders in participating in the AutoLoans.com referral system is likely an indication of the rapidly recovering auto loan mar alfa romeo ket.
"Newspapers have recently reported a strong first quarter for auto financing, especially with credit-challenged borrowers. The default rate is also at one of its lowest points, which encourages lenders to either join or re-enter the car loan market. We believe the latest expansion of our ferrari affiliate network is a result of this phenomenon," said Mr. Ronson.
All five of the new lenders have expressed their willingness and intentions to actively 1086274749 seek out borrowers typically known as "subprime." These customers may have credit challenges that preclude them from qualifying for loans elsewhere. The latest additions to the Auto Loans network have flexible qualification requirements to accommodate this growing market segment.
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