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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Mortgages, Student Loans Temper Plunging Consumer Credit Delinquencies

23 May 2012

Consumer Debt Soars in March, Including Credit Cards and Student Loans

8 May 2012

Credit Write-offs Lower By 50% from 2009, Equifax Reports

2 May 2012

TransUnion Payment Hierarchy Study Finds Consumers Paying Auto Loans before Credit Cards and Mortgages

30 March 2012

Credit Card Debt Falls in January

8 March 2012

Consumer Credit Soars in December for Second Straight Month

8 February 2012

November: Largest Consumer Credit Growth in a Decade

10 January 2012

Consumer Delinquencies Fall in Most Categories in Third Quarter 2011

5 January 2012

Third Consecutive Monthly Increase in National Credit Default Rates in November

21 December 2011

The Round-Up: Sexual-Scandal Blackmail Alleged to Collect on Car Loan

7 December 2011

Bank Credit Card and Retail Credit Card Lending Grows 45%: Equifax

22 November 2011

Total Outstanding Consumer Debt Now Nearly Equivalent to Pre-Recession Levels

3 November 2011

S&P/Experian Credit Default Indices September Sees Increases in all Credit Line Default Rates Except Autos

21 October 2011

Auto Loan Originations Now Consistent With Pre-Recession Levels

5 October 2011

Executive Change: Repo Remarketing Names Rob Savre VP Business Services

22 September 2011

Volkswagen Bank Improves Debt Recovery Rate With Altitude Software Solution

16 September 2011

Consumers (Allegedly) Saved the Economy in July by Buying Cars, Maybe

29 August 2011

Collections Process Begins Against Saab

22 August 2011

Consumer Credit Jumps in June; Cards See Largest Gain in Years

8 August 2011

S&P/Experian Credit Default Indices Show Decreases in Default Rates Across All Loan Types

20 July 2011