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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National Auto Loan Delinquency Rates Increase 7 Percent To Close 2008: TransUnion
17 March 2009
DRC Services Launches Offering for Non-performing Auto Subrogation Claims
2 February 2009
Auto Loans, Home Equity Delinquencies Rise in Third Quarter 2008: ABA
8 January 2009
American Savings and Hope Community Credit Unions Merge
7 January 2009
National Auto Loan Delinquency Rates Up 17 Percent in Q3: TransUnion
16 December 2008
Big 3 Automakers Begging for $34 billion; Congress Eyeing $15 billion
8 December 2008
Consumer Credit Drops $3.5 billion in October
8 December 2008
VWA Sees 30 Percent Increase in Third Party Collections in Past Two Months
2 December 2008
Government to Spend $200 billion to Unclog Consumer Lending Market
26 November 2008
Workers, Consumers to be Biggest Losers in Big Three Automakers? Breakdown
21 November 2008
Auto Loan Delinquencies Rise: Experian Automotive
7 October 2008
Consumer Loan Delinquencies Up Slightly in Second Quarter 2008: ABA
3 October 2008
Fitch: Historic High for U.S. Prime Auto ABS Losses
1 October 2008
TransUnion.com: National Auto Loan Delinquency Rates Increased in Q2
23 September 2008
Cap One Card Charge-Offs Drop in August, Delinquencies Up
15 September 2008
Survey: Americans Lack Basic Knowledge of Their Auto Loan Interest Rate
11 September 2008
Securities Backed by Credit Card, Auto Loans Poorest Performers
4 September 2008
Capital One Auto Loan Charge Offs Rise as Cards Stabilize
18 August 2008
HSBC to Stop Making Auto Loans in U.S.
4 August 2008
ACIG Chooses Peak5 to Service a $34 Million Auto Loan Portfolio
31 July 2008