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Call DCA's Consumer Information Center toll-free at 1-800-952-5210.In the Sacramento area call (916) 445-1254.

I bought a new Dodge Stratus and lost my job and can no longer make the payments because I have lost my job and have IRS debts that are more of a priority.

Thus, I want to do a voluntary repossession.

The loan is much higher than what the car is worth ($22k loan and probably $10k value) This was because I loaded additional funds on to pay off the loan on my old car as part of a divorce settlement.

My question is: what is the downside beside the major hit against my credit for 7 years? Can Ford Motor Credit hit me with a deficiency judgment and sue me or garnish wages when if I get a new job?

My question is: what is the downside beside the major hit against my credit for 7 years? Can Ford Motor Credit hit me with a deficiency judgment YES and likely WILLand sue me or garnish wages when if I get a new job?YES, unless you pursue the B/K route

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โˆ™ 2018-03-28 08:44:58
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Q: Where can you find California laws on repossession and wage garnishment?
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What are automobile repossession wage garnishment laws for Alabama?

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What is maximum wage garnishment for California?

The maximum garnishment permitted under California is found under California laws and regulations.

What are the wage garnishment laws concerning repossession in Kansas?

The state applies federal guidelines to wage garnishment judgments. The maximum amount is 25% of disposable income with the first $154.50 (weekly based) being exempt from garnishment action.

Where can someone find information about wage garnishment laws?

XpertHR offers information on ensuring compliance with wage garnishment laws. A garnishment is a legal mean for collecting money from an individual to pay off a debt.

If you live in one state but your bank is in another which state laws apply when dealing with a repossession?

Generally the laws of the state where the contract was signed take precedence. I disagree. If the car is registered in California and titled in California, and located in California, California law applies. The validity of the debt, late fees, and so on ARE determined by where the contract was signed, but California has specific laws on the procedure for repossession.

What are the laws in the state of Florida regarding car repossessions and wage garnishment for a repossession in the state of Florida? you can start here

What are the repossession laws in California?

California statutes are organized into broad titles (i.e. Penal Code, Civil Code, etc.). Finding the applicable law on repossession depends on the type of property involved. For example, laws regarding car repossession are set forth in California's Rees-Levering Automobile Sales and Finance Act, Civil Code section 2981, et seq.

When does a repossession legally take place in California?

The California Business and Professions Code is very clear on this point. The code states the following: With regard to collateral subject to registration under the Vehicle Code, a repossession occurs when the repossessor gains entry to the collateral or when the collateral becomes connected to a tow truck. You can find out more repossession related laws by checking out the website at They have a FAQ page that answers all related repossession law questions for the State of California.

What are the repossession laws in Wisconsin?

See the links below for the repossession laws and other information for Wisconsin.

Where do you find state laws regarding auto repossession?

Repo Laws can be found at a site called or you can also check your local laws.

What are the laws in the state of Texas regarding car repossessions and wage garnishment for a repossession?

Can a repo man bust a chain and lock to your gate to gain access to your property for reposesion of your vehicle. I live in Texas.

Where can you find a wage garnishment template?

The proper procedure for the garnishment of wages is established by the laws of the state in which the debtor resides. Generally, the person/plaintiff wishing to initiate a garnishment must file the writ of judgment as a garnishment order with the clerk of the court in which the judgment was granted.

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