There is a common misconception that cosigners are not responsible for payment. However, the purpose of a cosigner is to guarantee payment of the loan. The cosigner, comaker, cobuyer, coguarantor or a loan is equally responsible for payment of the debt. So, yes.
Yes, in Texas, wages can be garnished for certain debts, including repossession deficiencies, but only under specific circumstances. Texas law generally protects most wages from garnishment, but if you have a court judgment against you, creditors may be able to garnish your wages to collect on that judgment. It's advisable to consult with a legal professional for guidance tailored to your specific situation.
YES, in most cases. I have never heard of anyone having wages garnished to pay for a car loan (of course, I live in Texas, a debtor state, so it may differ elsewhere). Most places will just repo the vehicle.
Not in all states. Not in Texas or Florida NOT TRUE! Federal laws supercede state laws.I live in Florida and Sallie Mae garnished my wages the answer is false...State laws supercede when it betters the people. In Pennsylvania Sallie Mae can not garnish wages. This fact. If you sign a letter at the time of signing the loan stating you let them garnish wage now that's different story.Still in PA if you sign a letter stating that they still can't.
They can garnish your wages regardless of where you live or work. * Not usually, as South Carolina does not allow the garnishment of wages for creditor debt. However, if the creditor sues the debtor and wins a judgment the creditor can sometimes use UCC laws to attempt to override a state statute.
Yes and no. It depends on the state that you live in. See an attorney.
Yes, your wages can be garnished wherever you work for a debt. Generally, wages are not approved to be garnished for unsecured debt.
Depends on where they live.
YES, in most cases. I have never heard of anyone having wages garnished to pay for a car loan (of course, I live in Texas, a debtor state, so it may differ elsewhere). Most places will just repo the vehicle.
Certainly, why not?
One-hundred percent chance you will have your wages garnished.
depending on the state you live in yes. If the bank forecloses and they get a default judgment against you, they can garnish your wages. Not in Texas though. There are other states that don't allow wage garnishment, except on federal debt
Depends on the state you live in. Most states allow wage garnishments.
Yes.
Yes, as the fail under US jurisdiction
Yes and eviction is possible and should occur.
NO MATTER WHERE YOU LIVE , IF THE CO. KNOWS WHERE YOU WORK BYE BYE A THIRD OF YOUR PAY.
If the state where you owe back taxes gets a judgment against you, your wages can be garnished. This can happen no matter what state you live in.