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What Can you do if you don't have the money to pay the deficiency balance Can they take your other car away?
Wiki User
∙ 14y ago
No they can not take your other car from you.However they can garnish your pay check so if you can afford anything call them and make some kind of arrangements since any money is better then no money good luck.
AnswerIF you needed to borrow more than the bank was willing to loan on the car and you owned another vehicle they COULD have gotten you to sign a collateral agreement giving them a lien on it as well.
If you live in a state that allows for sheriff sales, eg. Pennsylvania, they can sell your other vehicle if they get a judgment and the vehicle is tagged for auction and there is no lien on it. Also if both loans are with the same finance company some states allow for the finance company to consider all loans in default if one or more other loans are in default, check your contract, also check your state laws.
Wiki User
∙ 14y ago
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