After the lender gets a judgment they can garnish your wages but they cannot getyour house unless you used it as collateral for the car loan.
What may happen is the court will give the "Creditor" the ruling to Garnish Wages. Its a good idea to WRITE a letter to the creditor or Collection agency and see if you can reduce what you owe. You can negotiate a lower payment. Make sure you can afford that payment. What may happen is the court will give the "Creditor" the ruling to Garnish Wages. Its a good idea to WRITE a letter to the creditor or Collection agency and see if you can reduce what you owe. You can negotiate a lower payment. Make sure you can afford that payment.
salary is meant for a period like month or a year but wages are paid daily. Many firms give full salary at the end of the month. with other benefits even you have 2 or 3 days vacant. but in wages cases some firms give it daily or at end of the week or at the end of the month. they cut wages/days in case of vacant.
No, in fact you don't even have to deal with them if you don't want to, they are just tactics they use to get your employment info so when and if they try and sue you and if successful they will file a writ with the courts immediately to garnish your wages. Never give them your bank account info, your credit card number or employment info.
No, they cannot garnish you wages if you reside in NC. Only the IRS, state and local tax authority can garnish your wages. If you move to a garnishment state garnishment proceedings may be taken against you. Only a civil judgment may be filed but that would be at the creditor's discretion. Typically, one the car has been repossessed, it will have a condition report done on it by the repossession company who will then send it to the company that assigned the account. The credit company will determine what to do at that point. If it is worth it for them to have the vehicle go to auction, they will have it transported to the auction company where it will be sold. If the vehicle is sold for more than what you owed (this includes all the fees that get added to the account, i.e., repo fees, transport fees, admin fees, etc.) the credit company has to give you the balance. If, however, it is sold for less than what you owe (more often the case), you are responsible for the remaining balance. Yes, they can take you to court for that balance but most of the time it is written off by the credit company and it remains on your credit as a repo.
Matthew 10:10 - nor bag for your journey, nor two tunics, nor sandals, nor staffs; for a worker is worthy of his food.Luke 10:7 - And remain in the same house, eating and drinking such things as they give, for the laborer is worthy of his wages. Do not go from house to house.1 Timothy 5:18 - For the Scripture says, "You shall not muzzle an ox while it treads out the grain," and, "The laborer is worthy of his wages."[Quotes from NKJV]
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