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 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
Exeter Finance Opens Sixth Branch Location, On Pace with 2008 Growth Plan
22 July 2008
Capital One Reports Higher Charge Offs for Credit Cards in June
16 July 2008