Auto Sub-Prime Lenders Tighten Credit

During the past 4 months, Lenders have tightened so much it Cut off Circulation to the Auto Dealers! Dealer after dealer are closing their doors all across the country because sales have Dropped off a Cliff.  Many remaining are in Financial trouble. Lenders have started experiencing a ton of losses causing them to stop lending.  When we asked some dealers out there, they said that in this environment they are unable to get customers approved. …