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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New Patent Could Turn U.S. Debt Portfolio Market on its Ear
31 July 2012
Consumer Delinquencies Continue Decline in First Quarter of 2012
3 July 2012
Six in 10 Mortgage Loan Modifications Go Delinquent in 18 Months, But Mod Consumers more Reliable
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State Sues Title Lender Over Debt Collection Practices
15 June 2012
Mortgages, Student Loans Temper Plunging Consumer Credit Delinquencies
23 May 2012
Consumer Debt Soars in March, Including Credit Cards and Student Loans
8 May 2012
Credit Write-offs Lower By 50% from 2009, Equifax Reports
2 May 2012
TransUnion Payment Hierarchy Study Finds Consumers Paying Auto Loans before Credit Cards and Mortgages
30 March 2012
Credit Card Debt Falls in January
8 March 2012
Consumer Credit Soars in December for Second Straight Month
8 February 2012
November: Largest Consumer Credit Growth in a Decade
10 January 2012
Consumer Delinquencies Fall in Most Categories in Third Quarter 2011
5 January 2012
Third Consecutive Monthly Increase in National Credit Default Rates in November
21 December 2011
The Round-Up: Sexual-Scandal Blackmail Alleged to Collect on Car Loan
7 December 2011
Bank Credit Card and Retail Credit Card Lending Grows 45%: Equifax
22 November 2011
Total Outstanding Consumer Debt Now Nearly Equivalent to Pre-Recession Levels
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S&P/Experian Credit Default Indices September Sees Increases in all Credit Line Default Rates Except Autos
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Auto Loan Originations Now Consistent With Pre-Recession Levels
5 October 2011
Executive Change: Repo Remarketing Names Rob Savre VP Business Services
22 September 2011
Volkswagen Bank Improves Debt Recovery Rate With Altitude Software Solution
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