YES, in most cases.
I have never heard of anyone having wages garnished to pay for a car loan (of course, I live in Texas, a debtor state, so it may differ elsewhere). Most places will just repo the vehicle.
Yes it can if the loan company taKES it to court and gets a judgment against you, then by all means they can take your taxes, pay, etc.
That's the point. They want the money, not the car, so they garnished your wages to pay that loan. Keep it, drive it, enjoy it. If you want to sell that car, any money would FIRST go to pay that loan and you could keep any cash left over.
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Yes. Even though the vehicle was repoed, they could take you to court for the remaining balance, or what they didn't recover through resale of the vehicle. You would be notified that you are being sued, and have the opportunity to go to court in your defense. If the court finds in favor of the lender (which they generally do), you could have your wages garnished. That may be the point where you have to decide if bankruptcy may be right for you. Bankruptcy would stop those proceedings and keep your wages from being garnished.
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.
No, wage garnishment in NC is only for taxes, child support
Yes it can if the loan company taKES it to court and gets a judgment against you, then by all means they can take your taxes, pay, etc.
That's the point. They want the money, not the car, so they garnished your wages to pay that loan. Keep it, drive it, enjoy it. If you want to sell that car, any money would FIRST go to pay that loan and you could keep any cash left over.
Only if you've been taken to court and the garnishment of wages was ordered by a judge.
You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.
If there is a default judgment against you, you will be responsible for the charges. Your wages could be garnished if you do not pay or set up a payment arrangement.
yes
YES
If you default on a car loan the creditor may obtain a court judgment that will enable it to garnish your wages. The rules are provided at the link below.
READ your contract.
YES.
Monthly child support payments can be garnished from retirement.