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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Consumer Portfolio Services Joins RouteOne
20 December 2006
Producer Prices Surge in November; Inflation Back?
19 December 2006
Some Counties Ease Up on Car Repossessions Over Debt
18 December 2006
AmeriCredit to Acquire Competing Subprime Auto Lender
18 December 2006
Debt Buyers’ Growing Interest in Alternative Asset Classes
14 December 2006
GM Completes Sale of Majority Interest in GMAC
8 December 2006
Credit Acceptance Announces Completion of $100 Million Asset-Backed Financing
8 December 2006
Collection Agency Launches Alternative to Charge-Offs and Repossessions
8 December 2006
Ford Motor Credit Company Restates 2001-2005 Financial Results
8 December 2006
Auto Loans Are Acceptable Debts According To Christian Web Poll
8 December 2006
GMAC Targets Nov. 30 as Closing Date for Stake Sale
8 December 2006
Ford Credit Subsidiary Settles Discrimination Case for Nearly $2.5 million
8 December 2006
Oregon Voters Defeat Credit Scoring Bill
8 December 2006
AmeriCredit Expands and Extends Credit Facility
8 December 2006
Ford Credit Cutting 2,000 Jobs, Shuttering Offices
8 December 2006
Volkswagen to Expand Car Loans Business in China
12 September 2006
ChoicePoint Acquires Insuratec, Expands Insurance Services Offerings
12 September 2006
Repossessions, Loan Defaults on the Rise
12 September 2006
New Device Ensures Car Buyers Make Payments on Time
12 September 2006
Capital One Shares Fall on Analyst Note
12 September 2006
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