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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Court Rules in Favor of Collection Agency's "Good Faith" in TCPA Case

16 December 2013

Asset Classes Attracting the Most Consumer Complaints

5 December 2013

Retail-Issued Credit Cards at Four-Year High; Charge-Offs Fall 14%

25 November 2013

Number of Third Party Debt Collection Accounts Plummets, But Balances Rise

15 November 2013

CFPB Releases Debt Collection Complaints Data, and Here It Is

6 November 2013

The Debt Pipeline: Young Adults Shed Debt During Recession

5 November 2013

Consumer Delinquencies Rise Slightly in Q2 but Remain Near Historical Lows

8 October 2013

Delinquent Debt Increases 17 Percent Over Past Five Years

27 September 2013

Credit Card Balances Increase Year-Over-Year for the First Time in 5 Years

29 August 2013

Credit Card Payment Patterns Can Foretell Future Delinquencies on Other Loans

31 July 2013

Improving Delinquency Rates, Rising New Credit in First Part of 2013

26 July 2013

Americans with an Account in Third Party Collections Hits All-Time High...Again

15 May 2013

U.S. Senate Bill to Cap Interest Rates on All Consumer Loans; Targets Payday Lending

11 April 2013

CFPB Releases ALL the Consumer Complaint Data

29 March 2013

CFPB in Action: A Roundup of Recent Activity - March 27, 2013

27 March 2013

Mike Ginsberg: Is Recent Economic Improvement Enough to Boost the ARM Industry?

6 March 2013

Banks Expecting to Issue More Credit in First Half of 2013

11 January 2013

Consumer Credit Jumps in November; Cards Grow Slowly

9 January 2013

Credit Card Delinquencies Fall to Lowest Level Since 1994

3 January 2013

Appellate Court Affirms that FDCPA Does Not Cover Creditors

12 December 2012