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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Credit Acceptance Announces Completion of $100 million Financing
13 April 2007
AmeriCredit Announces a $1.5 billion Asset-Backed Securitization
12 April 2007
DaimlerChrysler Implements Turnkey Collections System
12 April 2007
AppOne Expands Auto Financing Services to 48 States
9 April 2007
Debt Resolve Launches Subprime Mortgage and Auto Loan Collections Tool
29 March 2007
Delinquencies on Credit Cards Flat in Q4; Auto and Home Equity Arrears Rise
29 March 2007
Executive Change: Scott J. Vassalluzzo to Credit Acceptance Board
22 March 2007
AmeriCredit Announces $486 million Auto Loan-Backed Securitization
14 March 2007
GMAC Financial Services Reports 2006 and Fourth Quarter Earnings
14 March 2007
Austin Logistics Adds Mortgage and Auto Finance Sessions to Annual Conference
13 March 2007
Flagship Credit Corporation Signs Agreement with Finance Express
5 March 2007
Credit Acceptance to Pay $12.5 million to Settle Class Action Suit
13 February 2007
AmeriCredit Announces Primary Philanthropic Initiatives for 2007
6 February 2007
Equifax Gives Publishers Vehicle for Reaching Automotive Advertisers
31 January 2007
AppOne Adds FCRA Compliance Feature to Platform
31 January 2007
LeadPoint Launches First Auction-Based New Car Leads Exchange
30 January 2007
Central Credit Services Named Agency of the Year by Auto Financer
29 January 2007
Affinity Group Inc. Renews Multi-Year Agreement with Acxiom
26 January 2007
AmeriCredit Profit Up in Fiscal Second Quarter
25 January 2007
Consumer Portfolio Services Announces $25 million Credit Facility
17 January 2007