Subprime Financing News Today

Subprime lender Arivo Acceptance has launched direct refinancing to expand its offering to more subprime and nonprime borrowers. West Valley City, Utah-based Arivo offered direct refinancing as a beta program in June 2022 by alerting consumers by mail, Landon Starr, chief risk and information officer at Arivo, told Auto Finance News, noting he now considers

Subprime lender Arivo Acceptance is ratcheting up the speed and frequency with which it updates its risk models amid current macroeconomic challenges. West Valley City, Utah-based Arivo updates its risk models and resets its machine learning algorithms every three to six months, Chief Risk and Information Officer Landon Starr said at the Auto Finance Summit