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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Consumers (Allegedly) Saved the Economy in July by Buying Cars, Maybe
29 August 2011
Collections Process Begins Against Saab
22 August 2011
Consumer Credit Jumps in June; Cards See Largest Gain in Years
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S&P/Experian Credit Default Indices Show Decreases in Default Rates Across All Loan Types
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Consumer Credit Delinquencies Rise Slightly In First Quarter 2011
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Consumer Credit Improves in Uneven Recovery: Equifax
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Group Publishes Whitepaper on Auto Loan Debt Collection
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National Auto Loan Delinquency Rate Hits Lowest Level Since TransUnion Began Monitoring
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State AG Suing Auto Lender to Enforce Debt Collection Investigation Subpoena
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West Asset Management Adding 170 Jobs in Omaha
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S&P/Experian Indices Show Rise in Mortgage Defaults
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TransUnion: National Auto Loan Delinquency Rates Rise 10 Percent in Q3 2010
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Credit Union Resources, Inc. Signs Preferred Provider Agreement with Repo Remarketing
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Consumers Are Paying Less on Monthly Payments than Three Years Ago: Experian
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VION Receivable Investments Announces Multi-Million Dollar Line of Credit for Sparta Commercial Services, Inc.
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