Your intentional destruction of the secured property would not only be another direct breach of the loan agreement and likely subject to additional financial penalties, it is almost certainly a crime and able to get you in legal trouble as well. Especially if the title isn't entirely in your name (as is done when the place you got it from "totes the note" and still has title), it would be auto theft. Now, if you parted it out and paid off the loan causing the lein, that may be a different story in the end, but only because no harm no foul. What's left of the vehicle would be of far less value and therefore would bring far less when sold, thus increasing the deficiency (the difference between what you owe and what they sell it for, plus attorney fees, etc.). There will likely be a lawsuit to collect the deficiency, thus you will owe far more than you would have and likely far more than you could sell the parts for.
No In Texas your wages can be garnished by the IRS or Child Support only
If i have a vehicle repossessed in the state of texas, is there anything that requires me to pay off balance after vehicle is sold at auction?
garnished wages in Texasno the state of Texas does not garnish wages for no debts unless it is IRS related or student loans or anything dealing with government loans.
That depends on the state law, but generally, no.
The answer is yes, if the creditor brings you to court on the matter.
YES. If not, everyone would be buying their cars in TX. No other state would sell cars.
No state, it was owned by Mexico.
One Kansas attorney says 20 days and another says 10 days.
It was an independent republic.
Nevada became a State in 1864 a full 19 years behind Texas.
Texas was a republic before a state so yes it can
Texas was an independent nation before becoming a state.
Texas. Bush was governor of Texas before he ran for President.
Yes for 5 years Texas was a country, but after Texas was Annexed it has not been its own country.
I can can be legally repossessed no matter where it goes in the USA. As long as the repossessor can find the car and identify it as the one to be repossessed. It may not be cost effective if it is a long distance unless the vehicle is of greater value than the cost of returning it and paying someone to do that. They can also wait until you return.
Texas has been getting snow since before it was a state, or before humans were around, for that matter.
Andrew Jackson was elected in 1828 before Texas was annexed in the US in 1845
depending on state laws. some officers say they have to before hand so that it is on a repo list the officers have on hand. some say its a courtesy call. you can ask a local officer in your residing state
When the contract is in DEFAULT.
Yes it can.
The car gets taken to the impound lot, and you have to file paperwork and pay a certain amount of money to get your car back.