Asked in Repossession
Can the repo man speak to your employer about repossesing your car?
Debt collectors will use any means for information to collect their debt.
If a creditor garnishes wages for debt can they take your car?
If the debt is on the car, or the car was used as collateral for the loan, YES they can repossess the vehicle! ...
Asked in Personal Finance, Credit and Debit Cards, Loans, Debt Collection, Money Management, Credit, Unemployment
What can't they do to you if you are unemployed with credit cards and no payments on a loan in four months?
Your rights as a consumer Your Debts and Debt Collectors You are responsible for your debts. If you fall behind in paying your creditors, or if an error is made on your account, you may be contacted by a ...
Are you responsible for your deceased husbands car payments if your name is not on the title or on the loan?
unless his will states otherwise you inherit all of his property and debt. that includes, loans. ...
Asked in Repossession, Debt and Bankruptcy
What can happen to your debt after your car is repossessed?
Your debt is then written off as the car covers the cost of the debt.
Can you get an auto loan on a 1994 collectors edition car?
It will depend MOSTLY on your CR and the condition of the "collectors model" car. ...
Asked in Cars & Vehicles, Vehicle Titles, Repossession
In New York State I have a car titled and registered to me but a judgment was issued against my husband to seize the car can they still take the car?
Does the car hava a lien with a bank with your husbands name on it?
Asked in Repossession, Co-signing, Liens
If your car is repossessed in Arizona can they collect any deficiency or is the debt forgiven when they take possession?
The debt is NOT forgiven. See link below. ArizonaRevisedStatutes
If I don't reaffirm a car loan can the lender take the car back at any time even if I have paid equity into the car after a period of time?
If you don't reaffirm the debt, then the creditor has the right to repossess the car and sell it at auction to recover the debt owed to them, irregardless of what equity that you've paid. If you wished to keep the car, then you should have demanded that your attorney reaffirm the debt with that particular creditor. ...
What is the difference between a debt and a liability?
A liability is generally anything that costs you money. A phone bill is a liability. A debt is a kind of liability. You can take out a loan for a car- that is a debt; something owed in the future. ...
Asked in Credit and Debit Cards
Why is it called unsecured credit if they can come after you?
It's called unsecured because there is no concrete collateral such as a car or a house that you explicitly use to guarantee the debt. For example, a car loan is a secured debt. If you don't pay, they repossess the car. A credit card is an unsecured debt; if you don't pay, they can come after you... but there is nothing (such as a car or a house) that they can immediately and swiftly go after and take. ...
If i don't pay credit card debt can they take my car that is paid off?
If Your creditor get a judgment against you they can sell what property you have to pay the debt. So the answer is Yes. ...
Asked in Cars & Vehicles, Children and the Law
Husband dies car in his name do you have to give car to his kids?
I believe it depends on what the husbands last wishes are. If the husbands last wishes are not clear then I believe that it goes to the next of kin which would be the wife. If there is dispute about who the car goes to you take it to court and the judge decides who gets it or he may order that you liquidate the asset and split the money. ...
Asked in Repossession, Credit and Debit Cards, Credit
Can a credit card company take your car in Kansas?
A credit card company can sue you and receive a judgment in court demanding you repay your debt, but they can't take your car (or any other property) or put you in jail. Check out the Fair Debt Collection Practices Act for your rights as a consumer. ...
What is the difference between secured debt and unsecured debt?
A secured debt - is protected by being tied to something valuable (jewellery, car, house etc). If you default on the repayments, you could lose the item the debt is secured on ! An unsecured debt is not tied to any physical property. If you default on an unsecured debt, they will usually take you to court and have the debt recovered from your wages. ...
Asked in Cars & Vehicles
Do die cast cars collectors have an association for their hobby?
There are die cast car collectors association that you can join. You can join the Diecast Car Collectors Club, you can learn more at http://www.diecast.org/diecast98/html/asp/clubs/front.asp. ...
Asked in Auto Loans and Financing, Repossession
If someone were to take over my car note still in my name would there be any type of way that my debt to income ratio not reflect the car note?
If your name will still be on the note, then your debt to income ration will still reflect on the car note. There is no way around this is you will still be a signer on the note. ...
Asked in Cars & Vehicles
Is the car yours if the car was in you husbands name?
That is up to the parties involved, lawyers, and ultimatly, the judge.
Can a car be taken to pay off credit card debt?
Yes. A car can be taken for a credit card debt if the creditor sues you in court, is successful and obtains a judgment lien. The creditor can use that judgment lien to take any property you own including your home and your car and your bank account. ...
Asked in Repossession, Income Garnishment, Liens
How can you keep a collection agency from taking your car?
Pay off your debt. Pay off your debt. Pay off your debt. Pay off your debt. ...