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What else can I help you with?
How do you return an unpaid car?
If it is too difficult to maintain payments on a car loan, it is possible to voluntarily give it back to the creditor or dealership. In some states, however, a creditor can sue for the remaining balance owed on the loan.
Can a creditor sue for unsecured debt?
* An unsecured debt, generally, is a debt that is not backed by collateral. For instance a car loan is secured by the security interest the lender has in the car. A credit card which is not backed by collateral is not secured by collateral therefore it is an unsecured debt. Generally, yes a creditor can sue for unsecured debt, the creditor just doesn't have any interest in the good that formed the basis of the loan.
What can a creditor do when allget is ssi you own one car?
My calculations read to what the heck
Can your wages be garnished for a car that was repossessed?
Yes, if there was a deficiency balance owing after the car was sold at auction. Your creditor would have to sue you and obtain judgment in order to garnish your wages.
What do you do if someone sold you a car with a child support lien?
If there is available proof that the car is subject to the lien then you will need to pay it if you want to own the car free and clear. You could sue the seller.If there is available proof that the car is subject to the lien then you will need to pay it if you want to own the car free and clear. You could sue the seller.If there is available proof that the car is subject to the lien then you will need to pay it if you want to own the car free and clear. You could sue the seller.If there is available proof that the car is subject to the lien then you will need to pay it if you want to own the car free and clear. You could sue the seller.
Can creditor sue you if you live in another state?
Yes
What makes a secured creditor a secured creditor?
A secured creditor is one who has a contract with you that says if you fail to pay, the creditor can take a specified item you own to satisfy the debt. Most common are purchase-money loans, such as mortgages or car loans, but it can be any item.
Can you sue the owner if his car hits your car while parked?
I would think it would be negligence for not securing his car properly that it moved on it's own to injure you. In short, YES sue him into the stone age.
Can you sue a creditor for not updateing my credit report after a payment was received?
Creditors update credit reports on their schedule, some update every month, others update every other or every third month. If you are in a hurry, contact the credit bureaus and have them contact the creditor themselves. You can sue a creditor, but you have to try contacting the creditor first (via mail), then file a complaint with the FTC, then contact the credit bureaus. If the account still hasn't been updated, you can go ahead and sue the creditor.
Can your IRA get levied upon if your car is repossessed?
Not at that stage of the process. Once the car is repossessed, it will be sold at auction for whatever amount it goes for. Usually very little. Then the creditor will apply that amount less fees (usually exhorbitant) to the amount owed and sue you for the balance. If the creditor gets a judgment for the difference, then it can levy upon your IRA.
Can you be sued by the original creditor if the debt is now owned by a debt buyer?
No they can not sue you.
Can a junk debt collection lawyer sue using original creditor as plaintiff?
no
