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Yes, if they have or obtain a judgment against you for the outstanding balance of the loan, plus collection fees, legal fees, repossession fees, storage fees, auction fees, and any unpaid balance. Essentially, you could end up owing much more than the original loan, and if (when) they obtain the judgment, you will have no say in how they collect it. they can garnish your bank accounts, attach other assets with court order, and garnish your state tax returns as well.
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Can they garnish your wages for a repo in IL?
The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.
Can fianace companies garnish wages for a car repo?
Not until they have gone to court and won a lawsuit or judgment again you.
Can a collection agency garnish wages for debt for repo after 9 or 10 years in the state of Arkansas. What is the statute of limitations?
yes it is an option for them
Can the finance company garnish your wages for the amount of a repo?
IF they get a JUDGEMENT, they can. The amount of the repo is small compared with the remainder of the car loan but they generally sue for everything.You can fight it and counter sue to reduce the amount you owe.
If only one person in the household is working can they garnish that person's wages for a voluntary repo and can they take your house if you have equity?
Only if that person is on the contract cosigner etc. and no they cant take your house.
Can your wages be garnished if you voluntarily repo your car in Texas?
YES No, wages can not be garnished in Tx except for the IRS, Student Loans, & Child Support.....They can however garnish a bank account if they get a judgment against you in court.
Can a bank garnish your wages for a car repo of 15K and how does it affect your credit?
YES, unless you are in a state that doesnt allow garnishment.
Can they garnish your wages for a repo in IL?
The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.
Can they garnish your wages for a repo in nc?
No you can only garnish wages for Taxes, student Loans, Child and spouse support, and payment of ambulance services in some cases. or If the federal or state courts make the employer garnish wage. Bank loans for Vehicle, house, or credit cards are usually not permisable for garnishing wages in NC. Hope this helps.
Is it legal to repo cars in Texas?
Yes. They just can not garnish your wages for any monies owed afterwards. There are a number of other ways they can recover the balance however.
In the State of Texas can the lender on a repo for the deficiency that is still due after the auction put a lien on your house?
YES, who spread that rumor? LOL Texas is a no garnishment state. Therefore they cannot garnish your wages for any reason.
Will they garnish wages after car repo in New Mexico?
They can choose to if they first obtain a judgment for the unpaid balance.
Is your home exempt for collection in a car repo?
NO, THEY CAN PUT A LIEN ON YOUR HOME OR GARNISH WAGES IF YOU DO NOT PAY THE BALANCE OWED.
Can fianace companies garnish wages for a car repo?
Not until they have gone to court and won a lawsuit or judgment again you.
Can they garnish wages if you are head of household in Florida and did a volintary repo on a machinary?
It might be possible for them to do that, yes. Best see a lawyer.
Can they garnish my spouses' wages for a repo before you were married?
Yes they can because its still under her name and ss number ect
Can a collection agency garnish wages for debt for repo after 9 or 10 years in the state of Arkansas. What is the statute of limitations?
yes it is an option for them
