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 Decline Nearly 18 Percent in Q1

8 July 2008

Consumer Portfolio Gets $10 Million in Financing

1 July 2008

VantageILM to Integrate Global Debt Network's Automotive Portfolio Platform

16 June 2008

Capital One Credit Card Charge Offs Rise

16 June 2008

Ford Motor Company Implements Chesapeake System? T-Recs Enterprise

7 May 2008

Lenders, Collectors Challenged by Late Auto Loan Payments

5 May 2008

For Consumers, Food as the Breaking Point?

2 May 2008

Profits Decline at Auto Lender AmeriCredit

25 April 2008

Auto Loan Delinquencies Could Rise 33 Percent

22 April 2008

PR - Daimler Financial Signs CallMiner and Aspect Software for Contact Center Programs

8 April 2008

PR - Auto Finance Firm Regional Acceptance Names its Agency of the Year

4 April 2008

Late Auto Payments Drive Consumer Delinquency Rate Higher

4 April 2008

Repos Rise as Auto Loans Lengthen

14 February 2008

GMAC Posts $2.3 Billion Loss, Hires Collectors

6 February 2008

Is AmeriCredit a Microcosm of U.S. Economy?

23 January 2008

Fair Isaac, Auto Lenders Outpace Market Decline

15 January 2008

GM Exec Says Subprime Crisis Won?t Spread to Auto Loans

14 January 2008

Subprime Problems Could Spread to Auto, Commercial Loans

31 December 2007

Auto Delinquencies Up but Threat Uncertain

6 December 2007

Auto Delinquencies Up but Threat Uncertain

6 December 2007