HOUSTON — A Texas-based auto dealer and lender that once billed itself as a financial lifeline for underserved buyers is now bankrupt, leaving thousands of customers with unanswered questions.
On October 22, 2025, the U.S. auto lending industry was rocked when PrimaLend Capital Partners, a major subprime lender based in Plano, Texas, filed for Chapter 11 bankruptcy. The collapse of ...
Credit Union 1, a Chicago-based auto lender, has filed for Chapter 11 bankruptcy, listing $160 million in liabilities. This marks the third collapse among U.S. auto financing firms this month, ...
The seemingly sudden bankruptcy of subprime auto lender Tricolor Holdings has thrown the used-car financing world into chaos, with banks, investors, and regulators racing to untangle the complex ...
In 2025, auto loan debt in the U.S. has ballooned to a staggering $1.6 trillion. Subprime lenders (those who offer high-interest loans to borrowers with poor credit) are now facing a wave of ...
Tricolor Auto Holdings, a Dallas-based chain of used-car dealerships and a major subprime auto lender, has filed for Chapter 7 bankruptcy and will liquidate its assets, ending operations that once ...
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