The ChicagoMade Shorts Series is a celebration of the robust local independent film community and a showcase of entertaining work produced by talented Chicago-based artists. Submission is now open for original, entertaining short films a maximum of 8 minutes in length created by Chicago-based filmmakers.
What is a Subprime Loan? A subprime mortgage is a type of loan offered to borrowers with poor credit scores. Typically these are individuals with credit scores lower than a 600 and cannot qualify for a conventional loan. This may also include borrowers with derogatory or adverse credit histories.
The subprime loan market. About 1 in every 5 auto loans is made to a borrower with poor credit. Those car buyers already pay three to four times more to finance a new car or truck. The average cost of subprime loans (credit scores of 600 and lower) was 10.71% in the fourth quarter of 2016.