Subprime Auto Lender First Help Financial Facing Downgrade

First Help Financial appears to be the latest name to join the list of "isolated events" as the subprime auto lender is facing a downgrade to it's bonds backed by auto loans amid rising delinquencies and defaults. Unicus Research CEO Lakshmi Ganapathi joins us to talk about a list that now includes names such as Tricolor, First Brands, Primalend, and Carriox Capital all facing losses on bonds, loans, and private credit debt due to struggling consumers and in some cases even fraud. Check out the Unicus Research website Subscribe to Unicus Research on SubstackFollow Unicus Research on Twitter(x)Support the Channel on ⁠⁠⁠Patreon ⁠⁠⁠Support the Channel by ⁠⁠⁠Buying Me a Coffee⁠⁠⁠ Subscribe to ⁠⁠⁠Nobody Special on YouTube⁠⁠⁠⁠⁠⁠Follow Nobody Special on X(twitter) ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠