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.

See all Topics

National Auto Loan Delinquency Rates Fall More Than 18 Percent in Q1

26 May 2010

Consumer Credit Defaults in Autos and Mortgages Drop; Defaults in Bank Cards Accelerate

19 May 2010

New Consumer Credit Default Index to Standardize Late Payment Data

5 May 2010

TransUnion: National Auto Loan Delinquency Rates Remain Flat in Fourth Quarter 2009

1 March 2010

Executive Change: SquareTwo Financial Names Paul A. Larkins CEO

3 February 2010

VINtek Experiences Record Growth in 2009

3 February 2010

East Capital Explorer, East Capital Financials Fund and Intrum Justitia Jointly Invest in Russian Non-Performing Consumer Loan Portfolios

25 January 2010

VINtek Expands Relationship with Santander Consumer USA Inc.

21 January 2010

Western Sierra Acceptance Corp. and Experian Automotive Help Dealers Reach Creditworthy Consumers

13 January 2010

AFSA's 2010 Vehicle Finance Conference to Address Industry's Top Challenges

8 January 2010

vedaauto.com Automotive Credit Demand Index ? November 2009

16 December 2009

Navigator Holdings Brings to Market a Subprime Automobile Loan Portfolio

8 December 2009

Blakemore Works with RMS to Collect on New Vehicle Remarketing

7 December 2009

NCO Deploys CRM Application for Major Client

2 December 2009

New Vehicle Remarketing Company?s Success, Adding Debt Collection to Portfolio

2 December 2009

Reliance Field Services Completes SAS 70 Certification

19 November 2009

TransUnion.com: Mortgage Loan Delinquency Rates on Course to Hit Record in 2009

18 November 2009

Auto Finance Veteran Launches Windsor Remarketing

10 November 2009

Cavalry Portfolio Services Unveils New Online Payment Center

9 November 2009

Executive Change: Greg Adelson Named President of Payment Vision Gateway Provider Autoscribe

27 October 2009