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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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

New Program Allows Consumers to Pay Mortgage with Credit Cards

10 July 2008