Primeritus Financial Services, Inc., a provider of recovery management, skip tracing, and remarketing services to the U.S. auto finance industry, has acquired Global Investigative Services, LLC (GIS), according to a company announcement.
Subprime Delinquencies Rise, New York Fed Reports
A notable deterioration in the performance of subprime auto loans in the third quarter has shown approximately 6 million individuals that are at least 90 days late on their auto loan payments, the Federal Reserve Bank of New York has found.
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