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What else can I help you with?
Can a creditor sue you for a deficiency balance in the State of Oregon?
Yes. The lender can sue you also for fees, costs, and penalties incurred in the attempt to recover the debt.
Can your wages be garnished for a car that was repossessed?
Yes, if there was a deficiency balance owing after the car was sold at auction. Your creditor would have to sue you and obtain judgment in order to garnish your wages.
With a cross collateralized debt when the vehicle was surrendered can the creditor demand payment for deficiency?
In the state of Texas, yes the creditor can follow for the deficiency balance.
Can my check be garnished for foreclosure?
It cannot be garnished "for foreclosure," but if there is a deficiency after the house is auctioned - as is usually the case - the creditor can sue for the balance due and garnish wages just like any creditor in MOST states. Some states limit the foreclosing entity to the proceeds from the auction.
How long can a creditor collect on a voluntary repossession that has a deficiency balance in the state of tn?
In Tennessee, a creditor can typically pursue collection for a deficiency balance resulting from a voluntary repossession for up to six years. This period is based on the statute of limitations for written contracts in the state. However, the creditor must act within this timeframe to file a lawsuit for the deficiency balance. It's advisable to consult with a legal professional for specific guidance related to individual circumstances.
How can creditor collect balance due after auction in Texas?
In Texas, after an auction, if the sale of the property does not cover the total debt owed, the creditor can pursue a deficiency judgment against the borrower for the remaining balance. To do this, the creditor must file a lawsuit within two years of the auction sale. If successful, the court will issue a deficiency judgment, allowing the creditor to collect the remaining balance through wage garnishment, bank levies, or other collection methods. It's important for the creditor to adhere to Texas laws regarding notification and court procedures to ensure the validity of the collection efforts.
How do you return an unpaid car?
If it is too difficult to maintain payments on a car loan, it is possible to voluntarily give it back to the creditor or dealership. In some states, however, a creditor can sue for the remaining balance owed on the loan.
If you were involved in a car accident and it was not your fault are you resposible for the balance of the loan?
If the other party has insurance, then their company needs to pay off the balance. you are but you can sue their insurance for the loss but the creditor will expect you to owner the contract(the loan)
Can a law firm sue you for a deficient balance of a repo'd vehicle if the original creditor charged off the amount to profit-loss?
Dont pay it and find out for sure.
Can a creditor garnish social security in Texas for deficiency after repo?
NO. Social Security income is protected from creditor claims.
Can creditor sue you if you live in another state?
Yes
Can repo company attach a lien on real property?
State laws vary but generally, a creditor can sue the debtor in court for any deficiency after the repossession and if successful can obtain a judgment. The creditor can then request a judgment lien from the court and once recorded in the land records the lien will attach to the debtor's real estate.
