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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AppOne Expands Auto Financing Services to 48 States

9 April 2007

Debt Resolve Launches Subprime Mortgage and Auto Loan Collections Tool

29 March 2007

Delinquencies on Credit Cards Flat in Q4; Auto and Home Equity Arrears Rise

29 March 2007

Executive Change: Scott J. Vassalluzzo to Credit Acceptance Board

22 March 2007

AmeriCredit Announces $486 million Auto Loan-Backed Securitization

14 March 2007

GMAC Financial Services Reports 2006 and Fourth Quarter Earnings

14 March 2007

Austin Logistics Adds Mortgage and Auto Finance Sessions to Annual Conference

13 March 2007

Flagship Credit Corporation Signs Agreement with Finance Express

5 March 2007

Credit Acceptance to Pay $12.5 million to Settle Class Action Suit

13 February 2007

AmeriCredit Announces Primary Philanthropic Initiatives for 2007

6 February 2007

Equifax Gives Publishers Vehicle for Reaching Automotive Advertisers

31 January 2007

AppOne Adds FCRA Compliance Feature to Platform

31 January 2007

LeadPoint Launches First Auction-Based New Car Leads Exchange

30 January 2007

Central Credit Services Named Agency of the Year by Auto Financer

29 January 2007

Affinity Group Inc. Renews Multi-Year Agreement with Acxiom

26 January 2007

AmeriCredit Profit Up in Fiscal Second Quarter

25 January 2007

Consumer Portfolio Services Announces $25 million Credit Facility

17 January 2007

GE Capital Solutions Acquires CitiCapital's Marine Finance Division

4 January 2007

AmeriCredit Completes Acquisition of Long Beach Acceptance

3 January 2007

Report: Credit Unions Are Focusing More on Indirect Auto Lending

20 December 2006