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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Prime Acceptance Corp. Announces Partnership with NCCI
12 August 2010
Exeter Finance Names Mark Floyd New CEO and Vice Chairman
22 June 2010
No Turnaround in Sight: Credit Card Debt Falls 12 percent in April
8 June 2010
National Auto Loan Delinquency Rates Fall More Than 18 Percent in Q1
26 May 2010
Consumer Credit Defaults in Autos and Mortgages Drop; Defaults in Bank Cards Accelerate
19 May 2010
New Consumer Credit Default Index to Standardize Late Payment Data
5 May 2010
TransUnion: National Auto Loan Delinquency Rates Remain Flat in Fourth Quarter 2009
1 March 2010
Executive Change: SquareTwo Financial Names Paul A. Larkins CEO
3 February 2010
VINtek Experiences Record Growth in 2009
3 February 2010
East Capital Explorer, East Capital Financials Fund and Intrum Justitia Jointly Invest in Russian Non-Performing Consumer Loan Portfolios
25 January 2010
VINtek Expands Relationship with Santander Consumer USA Inc.
21 January 2010
Western Sierra Acceptance Corp. and Experian Automotive Help Dealers Reach Creditworthy Consumers
13 January 2010
AFSA's 2010 Vehicle Finance Conference to Address Industry's Top Challenges
8 January 2010
vedaauto.com Automotive Credit Demand Index ? November 2009
16 December 2009
Navigator Holdings Brings to Market a Subprime Automobile Loan Portfolio
8 December 2009
Blakemore Works with RMS to Collect on New Vehicle Remarketing
7 December 2009
NCO Deploys CRM Application for Major Client
2 December 2009
New Vehicle Remarketing Company?s Success, Adding Debt Collection to Portfolio
2 December 2009
Reliance Field Services Completes SAS 70 Certification
19 November 2009
TransUnion.com: Mortgage Loan Delinquency Rates on Course to Hit Record in 2009
18 November 2009