All Episodes

October 29, 2019 28 mins

An ambitious young immigrant needs a car and ends up with a loan he can’t afford. His lender, Credit Acceptance, specializes in subprime car loans -- lending to people with poor credit at exorbitant interest rates. Reporter Anjali Kamat tells the story of one man’s journey with his Credit Acceptance loan from a used car lot to a courtroom, and traces how, a decade after subprime mortgages brought down the economy, subprime car loans remain a favorite on Wall Street.

We hear from:

- Shanna Tallarico, Consumer Debt Attorney at New York Legal Assistance Group

- Michael Barr, Dean of Gerald R Ford School of Public Policy at University of Michigan and former Assistant Secretary for Financial Institutions at the Department of Treasury

This report was produced with support from the Corporation for Public Broadcasting as part of a collaboration between APM Reports, KCUR in Kansas City, KPCC in Southern California, WABE in Atlanta and WNYC.

Mark as Played

Advertise With Us

Popular Podcasts

Stuff You Should Know
Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

Las Culturistas with Matt Rogers and Bowen Yang

Las Culturistas with Matt Rogers and Bowen Yang

Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.