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Can my wages be garnished to pay the balance of my auto loan after my car has been reposesed?
Wiki User
∙ 14y ago
That depends on if the lender uptained a judgment againt you. They would have sought a judgment if the value of the car exceeded the balance of the loan at the time it was reposesed. Some peole are stupid enough to intentionally make their car worthless if it's going to be reposesed. The differanc between the value of the auto and the loan is what the lender will go after.
Wiki User
∙ 14y ago
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Can wages be garnished after a repossession to collect the balance?
Can wages be garnished for the balance of an auto loan in the state of Delaware
Can wages be garnished for the balance of an auto loan in New Jersey?
Yes. If the creditor receives a lawsuit judgment the judgment can be enforced as a wage ganishment.
What banks in Florida have wage garnished for auto loans?
All banks in Florida, Georgia, the Carolinas, Virginia--wait!--All banks in every state will garnish your wages for unpaid balances for which they have a judgment. This is a common practice in the collection industry. And, if they can locate it, they will garnish your bank accounts and other assets as well.
Can co signer be garnished for default auto loan?
Yes - they are just as responsible as the person who bought the vehicle. Lesson learned --- don't ever co sign for ANYONE
Should you apply for a joint auto loan if one person is new to credit and the spouse has less than average credit?
Working in the collections industry I am jaded. I would say never sign for credit on a vehicle unless it's for your own car. If you get divorced you will be on that loan and also held responsible for the funds. If they can't find your spouse then your wages will be garnished. I have never financed with anyone including my husband. (except on our house which is a different story.)
Can wages be garnished after a repossession to collect the balance?
Can wages be garnished for the balance of an auto loan in the state of Delaware
Can wages be garnished for the balance of an auto loan in New Jersey?
Yes. If the creditor receives a lawsuit judgment the judgment can be enforced as a wage ganishment.
Can wages be garnished for a deficiency judgment from an auto loan?
Yes, you have to get a judgement first.
Can your wages be garnished in the state of Florida for an auto repo?
If you signed the wage garnishment yes
Can Virginia garnish your wages for an auto repossession?
Your wages can be garnished for an auto repossession if there is a court order. All wage garnishment's must be obtained from the county court of your residence.
Can wages be garnished for auto repossession in MD?
if your car is repossesed than it just goes ony our credit your wages wont be withheld
In Virginia can your wages be garnished for an auto loan?
Yes providing an order has been signed by a judge.
Can wages be garnished on an auto repo?
Hello, Jamison here, Yes! Not likely though,,,,,,,, Unless its one of the BIG-3
Can your wages be garnished for an auto lease repossession in Florida even if the leased vehicle has been turned in?
Yes, if there is still an amount owed.
Can a car be taken and sold to satisfy a garnishment?
Yes, it can. And if the sale price of the auto is not enough to settle the debt, the remaining debt may still be garnished from your wages.
What percentage of wages are garnished for auto debt in Louisiana?
They can attach your whole paycheck. Then, you have to go talk to them and promise to pay so they will lift the garnishment. Otherwise, the get your next paycheck.
Can auto finance garnish unemployment for loan balance?
no. the only things that can garnish your wages is federal and state.
