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A creditor cannot garnish your wages unless they file a lawsuit and obtained a judgment against you. The time deadline to file a lawsuit will vary by state.

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โˆ™ 2005-10-24 12:30:45
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Q: Can your wages be garnished for a vehicle that was repossessed 7 years ago?
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Can your wages be garnisheed in the state of Nc 2 years after the truck has been repossessed and sold at auction?

Yes they can


Can Iowa unemployment garnish wages across state lines for overpayment?

I've had an unemployment overpayment in Iowa for nearly 10 years and have never had any of my wages garnished.


Can your wages be garnished for hospital bills from 1983?

If the debtor has made no attempt to collect such bills in the three years, the courts do not recognize it as a debt.


Can you get garnished on a 7 year old judgment?

I recvd a granishment on an employees wages- the judgement was filed 7 years ago, is this past SOL ?


How long does the credit company have to make a claim for repayment on a repossessed vehicle?

Possibly up to 7 years.


What percent of your tax return can be garnished?

100% can be garnished and for as many years as it takes to repay the debt.


Can a mobile home finance company place liens and garnish wages after repossessing a mobile home or can you just leave it as a bad debt that will haunt you for 7-8 years and then go away?

After the mobile home is repossessed they will try to sell it. You will be liable for the difference of what you owed less what they got for it. They can sue you for that amount and if they win a judgment against you they can place liens on property or your person, sieze bank accounts and garnish wages. Wages cannot be garnished in TX, PA, NC, or SC. No debt EVER just 'goes away' and its presence or absence from your credit reports does not alter attempts to collect a debt.


How do you find out if your car is going to be repossessed in Arizona?

If you are more than 1 payment behind rest assure it will be repossessed. The way to prevent this is to catch up on your payments ASAP. Default on the loan agreement you signed, and they will repossess the vehicle. They will then sell the vehicle and you will pay the difference in what the vehicle sells for and the balance left on the loan. They will sue you for the balance, and you will pay. Your credit will then be ruined for 7 years. Avoid this if there is any way possible. Talk to the lender and see if something can be worked out. You do not want the car repossessed.


Can you be sued over the balance of a vehicle that has been voluntarily repossessed over three years ago when the repossession is on your credit report?

yes it has a 10 year limit


Can a vehicle be repossessed because the payment is 15 days late after 4 years of payments and only 3000 dollars owed?

If you are in DEFAULT of the contract, the collateral can be repoed.


F a car was repossessed two years ago and you put an old car that a friend had on the road can they come after that vehicle for the money still owed after auction?

No. They can repossess their collateral (the car which was repossessed), and they can send a collection agency to hound you for money, but they can't confiscate your property.


Can your wages be garnished for something that happened 10 years ago?

On ordinary bad debts no, however since wage garnishments are an act of the courts you must be talking about a 10 year old judgment, which can come back to bite debtors in the behind up to 20 years later.


Can your wages be garnished for your spouses repossession 6 years ago?

Brian, were you the co-signor on the loan??? Otherwise, NO. How could you be responsible for someone else's debt? YOU would have to sign the loan. Sounds like a collector trying to smoke ya...


Car was repossessed wages to be garnished 4 next 3 years totaling 10k three other judgments total 2200 in line afterward ANY ADVICE to negotiate settle debt 4 lump sum payment 50 percent possible?

If you have saved up the cash to make a lump sum payment of half of what you owe, why did you not use the money to pay off your debts before you got creamed with interest and collection costs? And if, as I suspect, you do not have the money, who do you imagine would be insane enough to lend money to a deadbeat like you? My advice is to pay what you owe from your wages and never borrow money from anyone ever again.


When will your car repo balance get wiped out?

The balance remaining after a repossession will remain due for a minimum of seven years after the vehicle was repossessed or ten years in the event of a judgment. Also in the event of a judgment, an additional ten years can be requested by the lender. Here is another secenario: the vehicle is repossessed and the debtor refuses to pay. The lender can opt to seek a judgment for the outstanding balance, or the lender can wait for 6 years, 11 months before doing so. This in essence give the lender 17 years to collect the debt. Now say the debtore continues to refuse to pay; the lender can then seek that ten year extension, given them 27 years to collect. In addition to the unpaid balance, the lender can add on repossession fees, collection fees, court costs, and legal fees, and in some states simple interest. That $1000.00 you owed when the vehicle was repossessed can quickly turn into $20,000.00 or more. The lender is not going to sit by and let that remain uncollected. Once the judgment is obtained, the rules for collecting change as well. With the judgment, the lender can attach your bank accounts, garnish your wages, place liens on other property, petition the court for forced sale of other property, and attach your income tax returns.


What are NC child support laws in NC?

If papers are filed and DNA proves you are the father of a child your wages WILL be garnished $150 -$400 based on your earnings until the child is 18 years old, emancipated or it is deamed by courts you pay until they graduate from college or 25 years old whichever comes first.


my son is getting his wages garnished for child support and now they are taking all of his federal income tax, is that legal?

If your son in behind on his child support payments many states have very aggressive laws for collecting past due support. My wages began getting garnished for support last year and I had never missed a payment in 12 years prior. Then a few months ago my employer had a mix up in the accounting department and they didn't release my wages for child support. By the end of the following month I had a letter from the state telling me my tax return would be garnished for the past due support. Fortunately my employer corrected the problem and paid the past due support and interest immediately, and the state quickly sent another letter saying they would no longer make the tax return garnishment.


Can you file for bankruptcy after 3 years of car being repossessed?

Sure


Can a credit report show settlement then repossession on the same vehicle?

A credit report is a record of all transations on a reported account. In the life of a vehicle loan, many things can happen. Over the typical four to five years, the vehicle may have been repossessed and then redeemed and paid off. In these cases, yes, repossession and settlement can show on the same vehicle, on the same credit report.


If your car's repossessed and they take it to an auction do you have to pay anything and how long will it be on your credit?

You dont HAVE to pay anything. You may not get credit in the future because you dont pay. It will be on your CR usually for 7 years. Depending on where you live, if the lender gets a judgement, they could garnishee your wages.


Can another US state garnish wages on a Texas employee?

My fiance is currently having his wages garnished from Washington State while he is employeed in the State of Texas. He isn't employeed by the State but with a private business in Texas. He lived and worked in Washington State for about 10 years with the garnishment pending before action was taken. If you can get it paid off before they start taking it, that's the way to go.


What are the consequences to one's credit if a vehicle is repossessed?

It adversly effects your credit for 7 years. Except for a Chapter 7 bankruptcy which remains on the report for 10 years, no bad debt can stay on your credit repair beyond 7 years from the date the debt was originated. The law is on your side that it must come off.


If a car was repossessed how long does it stay on your credit before it is removed?

7 years


What happens to your credit after a car is repossessed?

Normally your credit is ruined for 7 years.


If you had a vehicle repossessed and the vehicle was sold at auction how long would the financial institution have to legally receive payments for balance owed.?

From expierence, we had a vehicle repossesed over 10 years ago. I don't know if it's legal or not, but the company has been getting money from us ever since. I don't even know how much we still owe, they do not send a statement or anything.