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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Auto Finance Veteran Launches Windsor Remarketing
10 November 2009
Cavalry Portfolio Services Unveils New Online Payment Center
9 November 2009
Executive Change: Greg Adelson Named President of Payment Vision Gateway Provider Autoscribe
27 October 2009
IARA Recognizes Triad Financial Executive with Special Achievement Award
21 October 2009
VW Credit, Inc. Selects MVTRAC for Auto Location and Recovery Services
14 October 2009
Teres Solutions and RateGenius Bring Automated Auto Loan Refinancing to Credit Unions and Financial Institutions
6 October 2009
Consumer Delinquencies Continue Upward Climb In Second Quarter 2009
1 October 2009
Newest Georgia Lending and Rate Index Shows Credit Unions Continue to Offer Consumers Savings in First Half of 2009
10 September 2009
TransUnion.com: National Auto Loan Delinquency Rates Continued To Fall In Second Quarter 2009
2 September 2009
TransUnion.com: Mortgage Loan Delinquency Rates Rise - But Pace Is Slowing
17 August 2009
Ford Credit Earns $413 Million in the Second Quarter of 2009
23 July 2009
California Woman Held Hostage Rescued by Bill Collector
26 June 2009
MicroBilt Launches Support Program for Newly Independent Auto Dealers
18 June 2009
National Auto Loan Delinquency Rates Experience Seasonal Drop in First Quarter 2009: TransUnion
16 June 2009
TransUnion.com 1Q09 Card Delinquency Rates Up 9 Percent from Previous Quarter
8 June 2009
TransUnion.com: Mortgage Loan Delinquency Rates Rise for Ninth Straight Quarter, but at a Slower Pace
2 June 2009
Auto Master Systems Selects Payment Vision to Offer Electronic Payment Gateway Services to Customers
7 May 2009
VeriFacts Partners with Triad Financial to Expand Services for Auto Lenders, Collection Agencies and Investors
4 May 2009
Consumer Delinquencies Continue Rising as Recession Intensifies in Fourth Quarter: ABA
2 April 2009
Auto Loans 60 Days Past Due Rise by 17 Percent
19 March 2009