Auto loans are the most common secured debt in the U.S. If a debtor defaults on an auto loan, the creditor can typically repossess the asset – the car – securing the loan. But if the asset is in a state of disrepair or otherwise diminished in value, the creditor cannot recoup the total balance owed by selling the car. So a deficiency balance is due from the debtor, with the balance becoming a receivable on the creditor’s books.
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Subprime Problems Could Spread to Auto, Commercial Loans
31 December 2007
Auto Delinquencies Up but Threat Uncertain
6 December 2007
Auto Delinquencies Up but Threat Uncertain
6 December 2007
Credit Acceptance Income Drops 4%
1 November 2007
Auto Lenders Offer Mixed Results, Increase Loss Provisions
25 October 2007
Moody?s SubPrime Auto Loan Index Rises
22 October 2007
Consumer Portfolio Profits Fall 14 Percent
18 October 2007
Auto Loans Weaken in July: Moody?s
3 October 2007
Synergetic Communication Opens New Office in Minneapolis
3 August 2007
Cap One?s Card Income Rises 28%
20 July 2007
Credit Acceptance Announces Extension and Modifications of Credit Agreement
15 June 2007
Kaulkin Ginsberg Facilitates Sale of $45.9 Million Auto Loan Portfolio
11 June 2007
AmeriCredit Announces First Prime/Near-Prime Securitization
24 May 2007
Repo Men Charged with Assault in Car Recovery Case
23 May 2007
Study Shows American Automotive Industry Woes Will Continue
18 May 2007
Consumer Portfolio Services Announces Withdrawal of Secondary Offering
16 May 2007
AmeriCredit Fiscal 3Q Profit Rises
1 May 2007
Collection Agency to Open New Auto Finance Collection Center
27 April 2007
GC Services Wins Collection Awards from Sallie Mae and Nissan
25 April 2007
SAFCo Selects TCI as Finance Software Partner
20 April 2007