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Repossession
Income Garnishment

If you have a voluntary repossession and the vehicle sells for less than owed can the lender garnish your wages for the difference?


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Wiki User
2015-07-15 19:48:56
2015-07-15 19:48:56

YES, in most states under most conditions.

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what are the legalities of voluntary vehicle repossession

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Our company that refinanced the vehicle is threatning to garnish wages and garnish our other vehicle (of which is paid for) and other assets.

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a voluntary repossession is where you turn over the vehicle instead of us having to come get it from you. www.aerecoveryandtowing.com

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Yes.. anywhere. When a vehicle gets repossessed (voluntarily or involuntarily) and it isn't reclaimed, the vehicle gets auctioned... the person who took the loan on the vehicle is still responsible for the difference between what was received for the vehicle at auction and what is owed on the balance of the vehicle (plus repossession, storage, and auction fees).


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