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
=purple and black=
The maximum garnishment permitted under California is found under California laws and regulations.
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.
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.
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.
http://myfloridalegal.com/pages.nsf/0/9707bb48d49ce38985256cc9004e3ee5?OpenDocument you can start here
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 mparepos.com. They have a FAQ page that answers all related repossession law questions for the State of California.
See the links below for the repossession laws and other information for Wisconsin.
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.
Repo Laws can be found at a site called www.dmv.org or you can also check your local laws.
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.
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.
NO see CALIFORNIA CODES BUSINESS AND PROFESSIONS CODE SECTION 7507
Yes, I think it is. We have so many laws concerning things like that.
What is the maxiam fee I can charge someone for garnishment withholdings
Repossession laws are enacted by states and are applicable to all the municipalities within that state. Please see link.
The California laws on any re-possession are extensive and complicated. -Google that exact wording, or inquire at the State Attorney General Office.
California DUI laws can be found on the website for the California DMV. You can also find information on the privately owned DMV website, which covers every state's laws.
Typically, garnishment laws apply to where the garnishment occurs. If for instances you live in Michigan but work and bank in Ohio, the laws of Ohio would apply. The assets are in Ohio. The garnishment is served on institutions in Ohio. It does not matter were you reside.
You could try the Library or possibly the local courthouse.
Brian A Lavelle
There are many places where one can find information about California drunk driving laws. One can find information about California drunk driving laws at popular on the web sources such as DMV CA and Nolo.
If it's a federally-guaranteed student loan, they can do administrative wage garnishment in ANY state.
its not the laws of Ohio. its the laws of each town or city. i repo in Ohio and it varies everywhere you go.... email and I'll try to answer your questions or find them out, firstname.lastname@example.org
I have a number of good links on my site for Utah repossession laws: http://www.carsofutah.com