Finance companies are trying a new tack to get subprime borrowers to pay on time: positive reinforcement.

Associates First Capital Corp., Dallas, announced a program Monday that grants moderate- to low-income borrowers lower interest rates once they pay on time for 12 months in a row.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.