Average auto loan debt: $23,792. Auto loans are secured debt — the lender can repossess. However, deficiency balances after repossession can be disputed, especially if the sale wasn't commercially reasonable.
Common Asset Acceptance Capital Violations
Purchasing and suing on time-barred debts
Inflating debt amounts beyond original balance
Failing to produce original credit agreements
Auto Loan Debt Dispute Strategies
1
Challenge deficiency balance after repossession
2
Verify the sale was commercially reasonable (UCC requirement)
3
Dispute if proper repossession notice wasn't given
4
Check for state-specific redemption rights
5
Validate any collection attempts under FDCPA
Tips Against Asset Acceptance Capital
Asset Acceptance is a debt buyer — demand the full chain of title
They often sue in bulk — respond to any lawsuit within the deadline
Check if the SOL has expired before engaging in any negotiation