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If you are the cosigner and get your car repossessed how can they garnish your wages if you dont work?
Wiki User
∙ 17y ago
You are absolutely kerrect. They cant get blood out of a tur-nip or a cat-nip... * Wage garnishment is not the only option that a creditor has to enforce a judgment. In the majority of states judgments can be executed against bank accounts, all non exempt property belonging to the debtor (in most cases,even that which is jointly held) and liens against real property. Property that is not protected by the state's exemption laws can be seized and sold by the judgment creditor to repay the debt owed. Social Security and pension benefits are not subject to creditor attachment, but the majority of states do allow unemployment benefits to be garnished.
Wiki User
∙ 17y ago
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If the car was repossessed will the cosigner still be responsible for the loan if the primary borrower files for bankruptcy?
NO, as long as he co-signed the loan, he is standing good for the payment. They can get a judgment against him and garnishee his wages . Dont let that happen to your Dad.Take Care of Your Business.
Can a cosigner have a car repossessed if the loan is current?
NO...NO...AND...NO.Dont let this person scare you there blowing hot air keep your payments current and dont worry about it and if this person touches your car in the wrong way call the law.
You want your house repossessed?
no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(
Can a credit card company garnish wages for a debt that is older than 7 years?
my friend and i share a bank account and capitol one is holding a lien on it i sign that the can take half the money but the bank says they need her to sign i dont want this to hurt her in a long run what can i do
Is a cosigner still responsible if the first party filed bankruptcy but reaffirmed the car loan?
The company wants their money so if the primary doesnt pay then the cosigner must. Their is no way of getting around this. Bankruptcy should be outlawed. If you cant afford things dont take on the debt.
If the car was repossessed will the cosigner still be responsible for the loan if the primary borrower files for bankruptcy?
NO, as long as he co-signed the loan, he is standing good for the payment. They can get a judgment against him and garnishee his wages . Dont let that happen to your Dad.Take Care of Your Business.
If your wages are being garnish and you relocate to a state that dont garnish your wages will the garnishment stop?
Garnishment will not stop if you leave the state. A garnishment is obtained from a judgment or default judgment against you in court. You have the option to go to court, and file for modification of the debt or file bankruptcy unless the debt is listed under special circumstances.
Can a cosigner have a car repossessed if the loan is current?
NO...NO...AND...NO.Dont let this person scare you there blowing hot air keep your payments current and dont worry about it and if this person touches your car in the wrong way call the law.
If you are the cosignor and the car was repoed and they want to garnish your wages who can you go to to get help to pay it off?
who can you go to to get help to pay it off?? ANYONE who will loan you money. If you dont want to let them garnishee your wages and get it $40.00 a week. LOL Good Luck
If you dont pay The Exorcist are you repossessed?
NO!
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.
How can you get your car repossessed?
dont pay the payments ever
If you file Chapter 13 and change your mind and your car is repossessed will the IRS take your taxes for the car?
NAKEI, I dont KNOW the answer but I dont see why they would. How would repoing your car give you any income for the IRS to tax?? Is a collector/repo person threatening you?No, the IRS will not take your taxes, on a repossessed vehicle or other property. However, the lender does have various legal options to get money owed them by an individual. This includes the ability to file a claim with the courts to garnish your wages and even your tax refunds.You should check the laws in your state regarding "garnishment" because not all state allow for wage garnishment and that may also affect where your tax refunds can be garnished.
You have Medical bills from 2001 you just bought a house in Oct can they do anything if you dont pay them they are starting to call and send letters?
They can report the account as deliquent to the credit agencies. They can also sue you. With a judgment, they can put a lien on your house and garnish your wages.
When a car is repossessed in Illinois do the police have to be notified?
no the police dont have to be notified
Can a part time employee receive a auto loan without a cosigner?
I dont think you can..?
What if after wages have been deducted from your check and you dont have enough money to pay your bills?
well after wages having be taking from and i still dont no money for bills
