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 Debt Delinquencies Continued Broad Decline in Third Quarter
8 January 2015
Big Shifts in Debt by Age: A Very Literal Interpretation of Knowing Your Debtor
17 December 2014
SEC Takes Action Against Hedge Fund Managed by Debt Collector
15 December 2014
Federal Judge Says FCC Fails on Consent Rules Clarity in TCPA Class Action Ruling
9 December 2014
CFPB Takes Actions Against Car Dealer Over Debt Collection and Credit Reporting
20 November 2014
Subprime Auto Collections - A Growth Market for ARM Companies or a Bubble About to Burst?
24 October 2014
Share of Debt Types of Youngest and Oldest Consumers Changed Dramatically in Last Decade
8 October 2014
Consumer Delinquencies Fall Nearly Across the Board in Second Quarter
7 October 2014
CFPB Proposes Guidelines for Non-Bank Auto Finance Regulation and Supervision
18 September 2014
Is Auto Finance an ARM Sector on the Rise?
4 September 2014
CFPB Takes Action Against Auto Finance Company for Distorting Borrower Credit Reports
21 August 2014
More than 35 Percent of American Adults are Currently in Collections: Report
29 July 2014
Where are the Collection Opportunities in Coming Years?
17 July 2014
FTC's Recent Enforcement Action Sets New Debt Collection Standards
2 June 2014
FTC in $5.5 million Debt Collection Settlement with Auto Lender/ARM Firm
30 May 2014
Third Party Debt Collection Accounts Jump in First Quarter
14 May 2014
Consumer Delinquencies Fall in Most Debt Categories in Fourth Quarter
9 April 2014
State AG Settles with Auto Title Lender Over Collection Practices
4 April 2014
Growth in Consumer Credit in 2013 After Years of Decline
31 March 2014
Account Control Technology Expands Services, Hires Michael Magarrell as VP of Strategic Accounts
26 March 2014
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