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Fewer subprime loans last year, but dollar amount grew

The number subprime loans that were made last year fell by 7.8 percent, but the total amount of the loans grew 2 percent to $576 million. The Colorado Attorney General’s office reports that defaults fell from 10.2 percent in 2008 to 8.8 percent in 2009. The total amount of uncollectible payday loans also declined from… Continue Reading Fewer subprime loans last year, but dollar amount grew