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NO, NO, NO. America did away with debtors prisons in the early 60's. LOL. Your credit will be terrible, you will pay higher interest rates for whatever credit you do get. They may even garnish 25% of that paycheck you live from and to. But you will live. Don't give up.

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โˆ™ 2004-05-26 23:05:08
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Q: What do you do when you have low income and have already voluntarily lost a car?
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Related Questions

What can a finance company do if you voluntarily give them their car back?

They can keep the money you already paid.


Can you get a car with an open car loan already.?

Depends upon your debit, to income ratio, but, yes. It is possible.


If you got sued and lost can they take your car that is not paid for?

No because you are going to make a payment for that car already!


What happens to your credit if you voluntarily have your?

what happens if i voluntarily return my car to the bank due to job loss


Will it hurt if you voluntarily return my car?

Yes, it can still hurt your credit if you voluntarily return a car. The car company will still put the debt you owe on your credit report if they choose too.


Can you take off an exboyfriend name off your car title its your car and you paid all the notes yourself?

No. He must voluntarily sign the title over to you.No. He must voluntarily sign the title over to you.No. He must voluntarily sign the title over to you.No. He must voluntarily sign the title over to you.


If you LEASE a car and have it voluntarily repossessed will you still owe money on it?

Yes


Do you pay taxes on money won in a neglagence suit?

It depends on what the award is titiled as.Generally, if it is to replace something you lost (say a car), then no (at least to the degree you didn't already take the loss for taxes). If it is to replace income that would have been taxable, or as punishment to the other, then yes.


our delivery vehicle was a total loss after a commercial vehicle driver hit our car while parked. we had lost income and expenses ?

You will file a claim through your insurance for the loss of the vehicle as well as lost income, etc. You must be able to prove the lost income and related expenses. Your insurance company will take care of the claim so that you can get back to business, then it will file against the insurance carrier of the at-fault driver.


when you have 6730 car and you lost 7730 car and you get 10022 how many car you have?

9022


Is there a is relationship between income and value of car own?

more income that they get, more car that they can buy because income and value are depends on each other.


If you have a car voluntarily repossessed can you get another car?

YES, usually you pay MORE down payment and/or higher interest rates.


Who do you call when a car is up for repo?

If you want to voluntarily surrender your car, you can call the finance company and ask for instructions on how to proceed.


Can you get your car back after a repo?

Husband dies, his car left at a friends house, friend would not give car up, car was voluntarily repossesed, can you still get car after a repo? What is needed?


Can lost wages from a car accident be deducted on income tax?

No, income you DON'T make isn't dedcutible. (I didn't win the million $ lottery, I can't take a decution for it....UNLESS I include it in income first. It would have been taxable had you made it....it isn't tax deductible if you don't).


Can you return a car bought on a personal loan when you were told it was on finance?

Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.


Will credit be affected by a co-signer of a car being voluntarily repo?

It shouldn't.


What is the cost of lost car title in Minneapolis?

what is the cost of lost car title in Minneapolis


How do you negotiate to get your car back that you lost because of a party?

You don't. you lost your car, fool.


What is the minimum income level to get a car loan in Detroit, Michigan?

The Minimum income level to get a car loan in Detroit,Michigan for used or new car is $2000


How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?

It has the same effect on the credit.


How do you voluntarily let your car be repossessed?

You need to give the car to the lender - if they are too far away then you need to call them and tell them where it is and ask them how they want to get it.


You returned a car to the dealership and its still showing on your credit?

Of course it is. You voluntarily turn the car in for repossession. It will stay on your credit report for 7 years.


Can you get a car loan with no proof of income?

No.


How many pages does Raiders of the Lost Car Park have?

Raiders of the Lost Car Park has 279 pages.