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Income Garnishment

What can you do if the lender sue for payment instead of repossessing the car?


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Wiki User
2015-07-17 17:44:20
2015-07-17 17:44:20

Tim, I have never heard such a request. Ill answer your question but first I have one for you.WHAT is soooo precious about the car that you don't want to give it up? Did you go on your first date in it??Tim, the car probably isn't worth anywhere close to whats owed on it. That's why they sued to get a judgment.The INTEREST has been adding up all the yrs. you havent paid on it. so the lender gets the judgment and proceeds to collect. What else do you own worth taking? They don't seem to want the car so whats left? Nothing??? Well, they will wait for you to inherit something they want. OR wait for you to win at Powerball. Or marry a rich woman. Do you work?? yes? They can garnishee your wages. 25% of them. And pester you to death with phone calls. About the summons you were served....GO TO COURT, don't miss it. It will be your ONLY chance to fight the judgment. tell the judge how POOR you are ect. Make the lender an OFFER to settle right then. Have the CASH in your pocket. 8000??? Offer 3000. Never know, they might take the offer. good Luck


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The company repossessing the car has no authority to negotiate terms with you. They are simply there to repossess the car. You must negotiate with your lender. Hopefully, you will do this before the the repossession order is submitted by the lender.

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After repossession the lender must send a letter telling you where the car is how much is owed on the car and where it can\d be redeemed. This letter must be sent within 5 day after the repo

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Unless you have a payment plan figures out with your loan company(I.E. i can pay 100 this month instead of 200) they will usually wait 90 days to proceed with the repossion process.

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You can lower your loan payment by refinancing your car loan. You can also negotiate with your current lender and see if he can reduce your payment amount.

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No, until you have missed a scheduled payment (at the very least), the lender has no right to the property.

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