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What happens if you can't pay any remaining balances after your car was repossessed?

Wiki User

∙ 2011-09-13 12:00:43

Best Answer

Usually the lender will obtain a judgment againt the debtor for the amount due. One of the options to collect it is to garnishee the debtors wages. Good Luck

Wiki User

∙ 2011-09-13 12:00:43

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Related questions

Can a motorcycle be repossessed if you cant afford the payments?

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Can a car be repossessed if it is left behind a closed garage?

No, it cant.

Can car be repossessed with 2 payments left?

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What is worst that can happen if you cant pay your bank loan in Ireland?

Your home could be repossessed by the bank.

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What are your options to prevent garnishment if your car has been repossessed in Oregon?

First option is work strictly for CASH. Cant garnishee what they cant see. Oregon laws are here and here

What happens if you cant get bailed out?

you serve your sentence

What happens when you have a car loan and you cant pay it?

It gets repossessed. You can contact the lender and see if they will do a voluntary repossession where you give them the car or they will at some point do an involuntary where the repo man shows up and takes the car. Answer Wash the car and show up at the dealership. Get a ride home.

My car was repossessed and they wont give me back the car unless i pay the car off?

that's the point of repossession. you cant pay, they take it away.

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they have the title they can just pay 50-150 for a new one.

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