Credit and Debit Cards
Income Garnishment

Does a creditor need to notify you in writing if they are going to garnish your wages for a voluntary repossession?

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Wiki User
2006-07-27 15:03:20

Yes, if you gave the car up, and there is a deficit balance

after the car was auctioned/sold. That balance is still due and

payable. A registered letter should have been sent out. The

creditor should be able to provide proof that it was "signed for"

or was returned "not delivered". I would try to make arrangements

or "settle on amount" agreeable with you both before they garnish

your wages--if you don't have the money to do so, borrow it from a

relative before things get worse---because--- Depending on which

state you live in, the garnished amount could take a very painful

bite out of your paycheck.

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