No. They don't do that. They now have permission to garnish your paycheck.
THEY ABSOLUTELY CAN AND WILL TAKE YOUR VEHICLE - IF THEY CHOOSE NOT TO GARNISH YOUR WAGES THAT IS NOT SOMETHING THEY "HAVE" TO DO. DEPENDS ON HOW MUCH YOU OWE THEM. BUT IF IT IS WORTH IT TO THEM TO GO AFTER YOU THEY WILL. THEY WILL GO TO COURT AND GET A JUDGEMENT TO ASK A JUDGE TO TAKE THAT BIG BRAND NEW (OLD OR ANYTHING OF VALUE) CAR (BOAT, SUV, PLANE, TRAILER, SPEAKERS, MOTORHOME - WHATEVER !!!) YOU JUST BOUGHT PARKED IN YOUR DRIVE WAY AND SELL IT. IT WILL BE SOLD AT AUCTION (IF YOU HAVE A LEIN ON WHATEVER IT IS THAT WILL BE PAID OFF FIRST) THEN THE BALANCE WILL GO TO THEM. IF ANYTHING IS LEFT OVER IT GOES TO YOU .......
Yup!
Yes. The title you received when you purchased the vehicle should show the lien holder. Even when you buy a vehicle on credit, you will receive a title. It is a lien title. You will not receive the full or clear title until the vehicle loan is paid off.
Obviously, you have to clear all liens on the title before the new "owner" can take title (and give you the credit). The lienholder/judgemetn holder would be happy to have it paid off. If the deal your doing doesn't provide for this...well that's why lenders/debtors get secured to the property!
Not sure what is intended by "clear" but whether or not the vehicle can be seized depends upon a couple of issues. The most important one being how the vehicle is titled. If the names on the title are separated by the word "or" then each person has total ownership of the vehicle and may take whatever action they choose without the other owner being a part of it. That would mean the vehicle could be subject to seizure by a judgment creditor. If the names are separted by the word "and" the vehicle is owned jointly and no action including creditor judgment can be taken without the consent of the other owner. The other issue is whether or not the vehicle is protected by the exemption laws in the state where it is registered.
The buyer.
A clear title is a title that has no financial obligation against it; therefore a title held by the bank is not a cleared title.
DEPENDING ON WHAT KIND OF TITLE THE VEHICLE HAS IF IT HAS A CLEAR TITLE THEN NO IF IT HAS A SALVAGE TITLE THEN YES
Once a vehicle has an Ohio Salvage title assigned, the history remains with that VIN until the vehicle is scrapped. The Registrar in your county will issue a Repaired Salvage , or "branded" Title that you can get your license plates with. You cannot obtain a Clear title for this car.
i believe a clear title is where no one has a lien on it.like if you get a loan from the bank to buy a new vehicle they own the title until you pay it off then it's yours free and clear.
Once a vehicle is considered salvaged, you cant get it clear for any reason, even after its repaired.
yes
yes