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PrimaLend Capital Files for Bankruptcy Amid Rising Delinquencies

10/22/2025

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Summary

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PrimaLend Capital Partners filed bankruptcy on October 22, 2025, in Texas court filings.
The company finances buy-here-pay-here auto dealerships to subprime borrowers, with assets and liabilities under $500 million.
CEO Mark Jensen said dealer-borrowers' loans or terms will not be affected during the process.
PrimaLend aims to sell the business to strengthen its balance sheet.
This filing follows Tricolor Holdings' bankruptcy, underscoring rising delinquencies among consumers.

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Story summary

PrimaLend Capital Partners filed bankruptcy on October 22, 2025, in Texas court filings.
The company finances buy-here-pay-here auto dealerships to subprime borrowers, with assets and liabilities under $500 million.
CEO Mark Jensen said dealer-borrowers' loans or terms will not be affected during the process.
PrimaLend aims to sell the business to strengthen its balance sheet.
This filing follows Tricolor Holdings' bankruptcy, underscoring rising delinquencies among consumers.