Subprime refers to loans offered to borrowers with low credit scores or limited financial history, often carrying higher interest rates to offset default risk. It enables lenders to profit from riskier lending while giving individuals access to mortgages or auto loans they might otherwise be denied. Borrowers benefit by obtaining credit to build financial stability.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends