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Can you own a car if have a civil debt?
Wiki User
2006-07-16 13:11:38
If someone has a civil judgment against you, it is possible that
your assets may be ats risk. However, the laws of most states also
protect a portion of your assets. The types an amounts of property
that you can protect from a judgment creditor will vary be state.
However, it is usually not very cost effective for a judgment
creditor to go after the debtor's car. Having a civil judgment on
your credit history will make it more difficult for you to get a
car loan. It will be difficult, but not impossible.
Related Questions
Asked in Cars & Vehicles, Credit and Debit Cards, Credit
Can a bank repossess a paid for car for other credit debt i own the car but i owe a lot of other debt?
The bank doesn't own the car. Unless you used it as an asset, or
collateral for a loan from them, they should have no hold on
that.
Asked in Law & Legal Issues, Repossession, Statutes of Limitations
In WA state how do you get title to a car after Statute of Limitations expires on bad debt?
I'm fairly certain that there is no SOL on contractural civil
debt.
Asked in Repossession, Liens, Civil Cases
If you have a judgment lien can your car be repossessed?
If it's the owner of your car loan and you defaulted then the
car can be repossessed. If you have a judgment against you
for any other debt then yes, if you own a car it may be
seized by your creditor to cover the cost of your debt.
Asked in Repossession, Personal Finance, Credit and Debit Cards, Loans, Money Management, Credit
If you had a car loan that included a 4000 credit card debt and the car was repossessed and there is a 13000 deficiency do you have to pay the full amount or do you have any recourse?
Yes, you still own the debt.
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.
Asked in International Laws, Criminal Law, Federal Laws
Can you be arrested when entering the US if you have outstanding debt?
No. Outstanding debt is a civil matter, not criminal. You can
not be arrested for a civil matter.
Asked in Auto Loans and Financing, Co-signing
Can you get a car of your own and be a co-signer?
The act of co-signing involves a promise to pay
another person's debt. You can't be your own co-signer.
Asked in Statutes of Limitations
Is statute of limitations ten years?
That will depend on what you are talking about. Each
jurisdiction sets their own time frames and they vary from civil,
criminal and debt.
Asked in Cars & Vehicles, Credit and Debit Cards, Debt Collection, Income Garnishment
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 Credit and Debit Cards, Debt Collection, Credit
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 Vehicle Titles, Repossession, Liens
Can your car be repossessed if you hold the title?
Yes, if you took a loan out and used your car as collaterol,
then it can be taken away. If you own the title free and clear,
then it cannot be taken from you. Only if you owe money on it or
the previous owner owes money on it. If the previous owner has an
outstanding debt on the car and sells it to you without you knowing
about the debt then the car can still be repo'd.
Asked in US Civil War
After the civil war what happened to farmers debt?
After the Civil War, the farmers debt increased. The reason for
this is because the crop prices went way too low.
Asked in Law & Legal Issues, Cars & Vehicles, Liens
Do I inherit a debt if the car I bought had a lien on it?
It is illegal to sell a car with a lien on it. If it has a lien
you will not be able to register the car in your name. The loan
must be paid off and the lien released before you can actually own
the car. You may have just got scammed.
Asked in Auto Loans and Financing, Repossession, Loans
Do you own your car if it is charged off?
No. The term "charge off" simply indicates that the creditor has
decided to pursue other methods of collecting the debt owed. That
could mean the debt will be sold to another party, the creditor
could file a civil suit to collect the debt or other actions. Debts
that are "charged off" remain valid and subject to collection
unless they have been rendered invalid by the statute of
limitations as determined under the laws of the debtor's state.
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.
Asked in Cars & Vehicles
What is considered a solely incurred debt?
if i need a car and i am in bankruptucy how can i get a letter
of incurred debt
Asked in Auto Insurance
What happens if you have no insurance and you totaled your car?
you will have to pay a debt and GET CAR INSURANCE
Asked in Cars & Vehicles
Where can one find debt consolidation online for car debt?
An online debt consolidation for car debt can be found at
official bank websites such as Wells Fargo, BB&T, and U.S.
Bank. More information can be found once you go there.
Asked in Auto Loans and Financing, Car Selling, DIY Projects
Is it illegal to sell a car with finance on the car?
No, but you must first secure the permission of the agency that
holds the official title for that vehicle. They are the ones that
"own" it ... you do not own the car until your debt has been
settled with the lending agency, therefore, it is not "yours" to
sell.
What usually happens is that the prospective buyer will have to
secure their own financing in order to purchase the car from the
title holder. If paying cash, they will pay the lending
institution, not you.
Asked in Cars & Vehicles, Liens
Can a debt collector put a lien on your car if it is registered to your spouse?
No, if it is your debt only and your name is not on the car.
Unless you used the car for collateral for a loan, they can't put a
"lien" on it anyway.
Asked in Warrants, Debt Collection
Can they put you in jail if you fail to pay your debt in credit card?
No. Non payment of debt is a civil matter not a criminal
one.
Asked in Credit and Debit Cards, Income Garnishment
What is vacate garnishment order?
Vacating a civil judgment nullifies the court's original
decision. If the judgment was levied due to unpaid debt, any
garnishment must immediately cease.
Read more at Suite101:
[http://www.suite101.com/content/vacating-a-civil-judgment-for-unpaid-debt-can-stop-garnishment-a234018#ixzz15UVivDRu
'''Vacating a Civil Judgment For Unpaid Debt Can Stop
Garnishment''']
[http://www.suite101.com/content/vacating-a-civil-judgment-for-unpaid-debt-can-stop-garnishment-a234018#ixzz15UVivDRu
'''http://www.suite101.com/content/vacating-a-civil-judgment-for-unpaid-debt-can-stop-garnishment-a234018#ixzz15UVivDRu''']
Asked in Law & Legal Issues
Do they give up on repoing a car?
Nope. Pure and simple, the car is their property - they own it
outright as they put the money up (paid the dealer or private
party) so that another could purchase it over time and eventually
own the car. The lender will do everything in their power to
collect on the debt ... there is no such thing as a "free ride" in
America!!
Asked in History of England, Monarchy
Why did Charles 1 and Parliament quarrel?
Because Charles thought he could rule Britain on his own. But
when he became in debt he asked parliament to give him money, they
said no! and this started the civil war
Asked in US Civil War, African-American History
What did African Americans have to do to vote after the Civil War?
They had to own their own land to vote after the Civil War.