Can your wages be garnished for a vehicle that was repossessed 7 years ago?
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.
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 garnisheed in the state of Nc 2 years after the truck has been repossessed and sold at auction?
Yes they can
If the debtor has made no attempt to collect such bills in the three years, the courts do not recognize it as a debt.
I recvd a granishment on an employees wages- the judgement was filed 7 years ago, is this past SOL ?
Possibly up to 7 years.
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'… Read More
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… Read More
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.
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
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.
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.
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… Read More
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… Read More
100% can be garnished and for as many years as it takes to repay the debt.
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.
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.
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.
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.
All US states have a statute of limitations concerning the collection of debts. The longest SOL is 6 years, that being the case it is unlikely that the court would allow a creditor or collector to file suit in an eleven year old case. Be advised, it is the responsibility of the debtor to use an expired SOL as a defense when faced with a lawsuit. Wages cannot be garnished without a valid judgment having… Read More
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.
Not unless you have paid for the car. The car belongs to the lender and not you. I am surprised they have not taken you to court over this. They will eventually for sure.
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.
If you still owe for a car that was repossessed three years ago can they take your new vehicle that is fully paid for?
Depending on your state, the LENDER can get a JUDGEMENT and attach your "paid for" car(or anything else of value in your name) so when you sell it, they will get paid first.
What do you do if you filed bankruptcy 2 years ago on a 1996 Ford pick up and the bank still hasn't repossessed the vehicle?
Ask your B/K attorney for state specific advice. I usually reccommend you call a local towing company to tow it away.
Normally your credit is ruined for 7 years.
ok first of all how stupid r u................ of course they can because they can still file legitimate buissness and non-buissness against u nd ur unpaid car repposession charges niigguhh
Is the borrower responsible for repayment of a vehicle loan two years after the cosigner filed bankruptcy and the vehicle was repossessed?
Yes, that's exactly how it works. If you'd paid for the vehicle at the time of the co-signers bakruptcy you could have kept the vehicle and improved your credit. The creditor wants you to either pay for the remainder of the note or file bankruptcy yourself. * A loan for a vehicle is considered a secured debt and is not dischargeable by the primary borrower(s) or cosigner(s) in bankruptcy action. All parties named on the… Read More
How do you stop collections on a repossessed vehicle My car was repossessed in Missouri the bank sold it and now a collector wants me to pay the balance not the difference. Any advice I need help?
When your car is repo'd and it is auctioned off you are to pay only the balance of what you owe on the loan. So if you owed 10,000 and is sold for 8,000 you pay the balance of the loan whic is 2,000. If you have collections on your credit report call and have it investigated this way they cant keep renewing it for 7 years.
Apparently so. I got my check yesterday and discovered $200 was garnished from Benton County for non-payment of fines from 1997, 16 years ago. I was never given a chance to contest the garnishment, object to it, or anything. no warning that it was going to happen, just got my check in the mail and it was $200 less than I expected.
The average wages in the United States have gone up in the last 20 years. This is because the cost of living has gone up.
The average wages has not increased substantially in the last 20 years because of politicians. It is up to the politicians to make the wages higher.
Possibly, yes. SS disability income may be garnished for child support. Supplementary security income alone may not be garnished.
If you still owe money, it may be repossessed at any time.
You can pay wages whenever you please --- just be sure your employees agree with your method of payment. If you can find employees who will allow you to pay them once every 20 years, then do that!
Jewish answer: It depends on whether it's a talent of gold, a talent of silver, or any other metal. There are talents of gold, silver, copper (Exodus ch.38), and other metals.
The lender will pursue collections for any unpaid balance for seven years from the date the car was sold after being repossessed. If the balance is large, they may pursue legal judgment. Obtaining this, they will have ten years from the date of judgment or last payment.
No. Unless you go to one of the dealers that offer a little box on the dash board that requires payment to run. Total rip off. A repossessed vehicle will stay on your credit record for 7 years. Due the recent economy no one will get you a new car loan or lease. Your best bet is save mnoney and pay cash for a used vehicle.
Answer It is definitely possible, because I had my car repoed and got it back (in California) years ago after bringing the payments current. Most states have enacted Article 9 of the Uniform Commercial Code. You have the right to redeem your vehicle by purchasing it back, although you probably will have to pay the amount owed and not just the payment. Even if you cannot get the vehicle back, many vehicles are illegally repossessed… Read More
No, I believe Bankruptcy goes off your record in 7 years. Check the law in your state.
SSDI (Social Security Disability Insurance) payments may be garnished for child support. SSI (Supplemental security income) cannot be garnished or levied.
The home was repossessed in 2005, the FMV and principal balance were both 133,252. The adjusted basis in the property was 114,000. It was a main home for 7 years. Is there a capital gain to be reported on schedule D?
When health insurance plans ask you how much you think your income will be in the next year is it before or after taxes?
The income amount needed for this calculation should be gross wages. This is your wages before any taxes are deducted or withheld. Make sure they are requesting your next years wages rather than a previous years income.
Yes. As long as the plaintiff has a valid claim against you, you can be sued and a judgment against you obtained. People with no assets are often referred as judgment-proof. This means that even if they are sued and a judgment against them is obtained, the plaintiff will not be able to seize any assets. But if you are working, you might have your wages garnished under the judgment. If a judgment against you… Read More
How can you purchase a car if you have a car that was hidden from repossession for eight years for what it is worth in PA?
If this car has never been repossessed after eight years, it has still been charged off as a bad debt and will remain on your credit report. Lenders can follow you for the deficency balance as long as they wish to refile it. If it had been repo'd, usually after seven years it is dropped from your credit report if there was no unpaid balance. You will have a hard time getting another vehicle financed… Read More
Stays on your credit rating for 7 years. Has a very negative effect.
As the owner of a "tote the note" used car lot for 20 years I know of no effective way of prosecuting "skips". People occasionally move to other states with mortgaged autos and if there is statute forbidding it, I am not aware of it. Generally, the only remedy for the lienholder is to repossess the vehicle.
They worked for no wages for years to pay for their transportation to the colonies.
It depends on which state you live in really. I lived in Louisiana and my car was in my mothers name she decided not to pay and it was repossessed well 11 years later they contacted me again and requested the money for the car. But that was in 1994.
The time frame depends upon the lender. Regardless of whether the repossession is voluntarily done by the borrower or a forced repossession by the lender the consequences remain the same. The borrower will be responsible for any deficiency between the amount that the repossessed vehicle is sold for at public auction and the remaining balance on the loan agreement including added fees and penalties. The respossession will also remain on the borrower's credit report for… Read More