0
In New York State does a car loan company have the right after a car has been repossessed to freeze and over draft your bank account?
Wiki User
∙ 17y ago
You need to read your loan agreement very carefully you may have given them that right.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
If your car was repossessed does the car loan company have the right to put a hold on your bank account then over draft it?
no the only thing they can do is take it out of your paycheck. Even In New York State
Can a credit card company freeze a banking account when SS and VA benefits are the deposits made in it?
You had better check with the laws for your state -- in my state ( fl ) there is a comingling statute which means that if there are any other monies deposited into the account it can be frozen and garnished. and you have to show where the money came from. Google ( your state ) statutes on bank account freeze and garnisheement No. Both of the benefits are 100% exempt from creditor action. If however a lawsuit is initiated concerning the debt, it must be defended. Meaning the defendant (or their representative) needs to inform the court of all exempt property. Under state laws there are many exemptions available to the consumer to protect real and personal property.
Is it harder for a creditor to freeze a bank account if you live in one state and bank in another state?
A creditor CANNOT freeze a Bank account only a Judge can. You will be summoned to Court before this happens. Can a creditor freeze my bank account? QUESTION: Today I discovered that a creditor has frozen my bank account. I'm barely earning any money right now, and with three kids I can't afford to lose any of these savings. Is this legal? The creditor does have a court judgment against me. ANSWER: Bad news: It is legal for a creditor with a court judgment against you to freeze or "attach" your bank account. Some creditors, like the IRS, can attach your account even without a court judgment. But there are limits to what the creditor can take from your account. If all or some of the money came from sources such as Social Security or a public assistance program, this money would be protected. To prove that you deserve this protection, however, you'll have to ask for a hearing. How to request a hearing, and how soon you must request it (usually pretty soon) varies from state to state. The best way to start is to ask the bank for copies of all the attachment papers. These papers normally outline the next procedural steps. Or, call your local legal aid office for advice and possibly low-cost legal representation. Y-THINK-Y * Yes, filing an abstract judgment in a state other than where the judgment was entered is only possible against real property. The exception would be if the bank where the account is held also has locations in the state where the judgment was entered.
If your car is repossessed can they garnish your income taxes?
Not normally. They can however file a non wage garn and get your taxes when you deposit them into your checking or savings account. Usually only, government and state can withhold your taxes...i.e. back taxes, child support, student loans etc...
Can a car loan company garnish your checking account or your wages in the state of South Dakota?
If the judge awards that as a method of satisfying the terms of the loan, probably.
If your car was repossessed does the car loan company have the right to put a hold on your bank account then over draft it?
no the only thing they can do is take it out of your paycheck. Even In New York State
Who or what agency can freeze your checking-savings account?
can the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?Answercan the state of Indiana freeze your checking account without letting you know? who would I contact in the state of Indiana gov.about this?
Can Massachusetts freeze your account and levy your account?
No, only a court can do that. However, the state could apply to a court to do this.
Can your car be reposessed if you move to another state?
Yes, your car can be repossessed. I ship cars for a company that repossesses cars out of state all the time.
Does a bank or finance company have to tell you how much your repossessed car was sold for?
Susan, what state are you in?? Who was the lender?? Laws vary by state. Email if you need too. Thanks
How long does a freeze stay on a checking account in the state of New York?
In the state of New York, a freeze on a checking account generally stays in place until the underlying issue is resolved or the court order is lifted. The duration can vary depending on the circumstances and the specific reasons for the freeze. It is advisable to consult with an attorney or contact the bank directly for more precise information.
Can a collection agency freeze a joint account in the state of North Carolina?
In the state of North Carolina, it is very hard to seize a bank account. When an account is joint, it can not be seized unless the debt is the debt of both parties.
Is it illegal for a towing company to charge you a fee for your possessions from a repossessed vehicle stating it is a cleaning fee and storage fee in the state of CA?
Nope.
Can collections freeze my wifes bank account if my name isn't on her account?
If you reside in a community property state it can be seized. If you have deposited any of your money into the account it can be seized. The best thing to do is to have separate accounts.
Can a credit card company freeze a banking account when SS and VA benefits are the deposits made in it?
You had better check with the laws for your state -- in my state ( fl ) there is a comingling statute which means that if there are any other monies deposited into the account it can be frozen and garnished. and you have to show where the money came from. Google ( your state ) statutes on bank account freeze and garnisheement No. Both of the benefits are 100% exempt from creditor action. If however a lawsuit is initiated concerning the debt, it must be defended. Meaning the defendant (or their representative) needs to inform the court of all exempt property. Under state laws there are many exemptions available to the consumer to protect real and personal property.
Can you get your belongings out of your car after it has been repossessed?
Yes, you are entitled to get your belongings out of the vehicle, but you will need to check within your state's laws to see if a company can charge you for retrieving your items.
Can you freeze a bank account when the money does not belong to the account holder?
From experience (as far as I know), if you are a joint holder of the frozen bank account, yes, they can garnish, but check your state statues because you may be exempt from garnishment.
