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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CFPB Takes Action Against Auto Finance Company for Debt Collection UDAAP Violation

18 June 2015

CFPB Finalizes Rule to Supervise Nonbank Auto Finance Companies

11 June 2015

Assessing the Consumer Credit Market with an Eye to ARM

25 March 2015

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