Yes, it can. And if the sale price of the auto is not enough to settle the debt, the remaining debt may still be garnished from your wages.
Only if you've been taken to court and the garnishment of wages was ordered by a judge.
How can I fight a wage garnishment for a car repo that was purchase in the year 2000
Not at the IRS, but once it's sent, it loses it's identity.
Until you pay off the car the lien holder owns all rights to it. They can do what they wish with it if you fail to satisfy the agreement. It will typically be sold at auction and if sold for less than you owed they can come back at you for the difference.
yes of course you would are you stupid
You can, but at this point, you are paying the debt. You are paying involuntarily, and returning the car will help offset that debt once it is sold. It will also stop the debt from climbing higher as garnishment incurs other fees that will be assessed to you.
In illinois, what is the law concerning license plates taken off your car that you sold privately?
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do you mean repo man? you have your car taken,then it is wholesale sold,you get the bill for the difference on what they sold it for and what you owe . not a great way to help your credit either.
the first car sold in us is a American car
The first car to ever be sold was in Germany and it was sold by Karl Benz.
The car is eventually taken away, if we assume it has a lien on it. The cost of processing the legal work, the cost of repossession and interest will continue to be accumulated. The car will be sold to pay for these expenses and the rest of the money will still be owed, Typically the loan company will take you to court and receive a judgment for this debt. (These costs will also be added to your overall debt). The next time you have a job, a garnishment will be placed on your salary. If there is any way to pay the debt, pay it before they take the car. You will be MUCH further ahead.