In Colorado Can the bank garnish your wages in a car repo?

Can a bank garnish your wages for a repo in the state of Florida

The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.

YES, unless you are in a state that doesnt allow garnishment.

Im not familiar with Colorado but in most states or at least in the states that I am aware of ,if you owe a balance yes they can garnish your wages to fulfill the obligation.

No you can only garnish wages for Taxes, student Loans, Child and spouse support, and payment of ambulance services in some cases. or If the federal or state courts make the employer garnish wage. Bank loans for Vehicle, house, or credit cards are usually not permisable for garnishing wages in NC. Hope this helps.

YES No, wages can not be garnished in Tx except for the IRS, Student Loans, & Child Support.....They can however garnish a bank account if they get a judgment against you in court.

They can choose to if they first obtain a judgment for the unpaid balance.

NO, THEY CAN PUT A LIEN ON YOUR HOME OR GARNISH WAGES IF YOU DO NOT PAY THE BALANCE OWED.

Not until they have gone to court and won a lawsuit or judgment again you.

It might be possible for them to do that, yes. Best see a lawyer.

Yes they can because its still under her name and ss number ect

== == I know they can't garnish your wages but not sure about liens.

yes it is an option for them

IF they get a JUDGEMENT, they can. The amount of the repo is small compared with the remainder of the car loan but they generally sue for everything.You can fight it and counter sue to reduce the amount you owe.

Yes, but only by an order of the courts brought by a motion from the plaintiffs for such wage garnishments to occur. The bank or collections agency can not garnish wages without the courts, and if they threaten to take such actions without intentions or ability they may be in violation of State and/or Federal collections laws.

Yes. They just can not garnish your wages for any monies owed afterwards. There are a number of other ways they can recover the balance however.

IF they follow the laws of your state, YES. A repo is a repo is a repo. they may also be able(and more likely if you have a job)to garnish your wages. NEGOTIATE with them, they would much rather have money than the car. TRY to sell the car. Good Luck

Yes, if they have or obtain a judgment against you for the outstanding balance of the loan, plus collection fees, legal fees, repossession fees, storage fees, auction fees, and any unpaid balance. Essentially, you could end up owing much more than the original loan, and if (when) they obtain the judgment, you will have no say in how they collect it. they can garnish your bank accounts, attach other assets with court order, and garnish your state tax returns as well.

Only if that person is on the contract cosigner etc. and no they cant take your house.

You should contact the bank ASAP. You will have to convince them that you WILL pay every month. That may not be easy after they had to repo the car. But TRY anyway. They have the option of collecting however they feel they wil get the most money. Its up to you to show them what that will be. Good Luck This depends on whether the bank filed a lawsuit against you and was granted a judgment entitling them to legally garnish your wages. If that legal action was granted, they can and will take the amount granted by the judge from your wages regardless of your payment.

YES, who spread that rumor? LOL Texas is a no garnishment state. Therefore they cannot garnish your wages for any reason.

The Repo rate is the rate at which the central bank lends loans to its member banks.

They must obtain a judgement against you first, you may want to check to see if they have one. It is possible to obtain one if they have been unsuccessful in serving you.

The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.

In Repo rate there is need of securities submission. In Bank Rate, there is no need of Security submission.