NOTE: I AM NOT AN ATTORNEY. THIS IS NOT LEGAL ADVICE. FOR AMUSEMENT ONLY... Not directly. The car was not used as security for the loan. It might be possible, through some legal action, to get a judgment against your assets, but unless the amount owed is large, and the car or some other asset is particularly valuable, it wouldn't be worthwhile. So, far as I know, this threat is mostly intimidation, but not altogether idle. And I don't mean to say by this that you shouldn't find some way to work out paying a legitimate debt.
How much can a credit card collector do with a lien on your property in Fl
No. Court is a must
yes , sorry
The lien can be reported to a credit reporting agency.
It is possible for the collection agency to put a lien on your bank account. Before they can do this, they must go through the proper procedures first.
how do i get an answer to this question
Can a collection agency place a lien on a home belonging to a spouse not on title?
If the debt collection agency chooses to sue and place a lien on the home then yes it would effect the house if it is ever sold or refinanced.
You have to, it is a debt...it is just a secured debt...by the lien on the property.
If the creditor wins a lawsuit judgment, a lien can be placed against real property or the portion thereof belonging to the debtor. Texas, however, has a constitutional law that does not allow the forced sale fordebt(s) ofa primary residence that qualifies as a homestead.
Yes - they can, or they can put a lien on the vehicle.
Yes.