Credit and Debit Cards

Can a credit card company take your car in New York?


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Answered 2006-09-07 16:49:39

No. A credit card company can win a judgment against you, which is a court order to pay a debt. If you still refuse or cannot pay, they can garnish your wages. But the company, who is not the law, cannot take your vehicle. * Vehicles are protected to the extent of the exemption that is allowed under the laws of the state where the debtor resides. It is possible if the exemption does not protect the vehicle and there is a considerable amount of equity the judgment creditor can pay off the lender/lien holder give the debtor his or her exemption amount and then seize and sell the vehicle. This rarely happens as it is expensive and time consuming and the judgment creditor seldom garners enough excess monies for the action to be profitable.


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If you are being sued by a credit card company can they take your house?

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They have to take you to court to take anything from you.

Only if you have authorized them to do so.

they will take your money and repossess your belongings

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no a credit card company may not take your home away. a creditor can never take anything away if the debt is unsecured such as a credit card. regardless of what anyone posts here, credit card companies cant do anything whatsoever if you stop paying them. your credit is ruined and they call alot, but that's all they can do.

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Take a look at the policy or if you paid by credit card, debit card or cheque have a look at your bank statements.

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