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U.S. lenders are lowering their standards for auto loans, with average credit scores for new car borrowers falling to the lowest level since late 2008, according to a credit bureau report released on Thursday.

Lenders are loosening up because few existing borrowers are falling behind on payments, said Melinda Zabritski, director of automotive credit at British credit information firm Experian .



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Lenders Loosen Standards On Auto Loans

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