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The Subprime-Lending Business Survives, Even Thrives

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THAT DIDN'T TAKE LONG
"Though there are soft spots in the subprime market, overall, business is good," Time reports. "The percentage of auto loans going to people with poor credit, for example, has been increasing. And while a number of banks have stopped offering credit cards to the debt-challenged, there are still companies handing out subprime plastic. First Premier Bank, for one, just tweaked the fees on its credit cards aimed at individuals with low credit scores to comply with recent legislation, and its business proceeds apace."
SOURCE:   Time

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