Imo, credit scores as we know them today will probably undergo a major change in the near future. Sub prime will get a new name. The current fico model keeps adding too much data.
Subprime borrowers drive auto loan origination growth, says N.Y. Fed Auto loan debt grew in the first quarter, driven primarily by borrowers in the lowest credit tiers, according to the Federal Reserve Bank of New York. Total auto loan debt in the U.S. rose 4 percent year over year to $1.28 trillion in the quarter, the central bank said. (Automotive News)