answersLogoWhite

0

yes they can they will go to a court in the state you live in to ask for wage garnisment if this happens and they are awarded a judgment then they will contact your present employer and send in the nessesary papers to extract a percentage of your wages.if you are sent mail about a court date go and ry to have a lawyer present also read over your contrct from the dealer to see what you are truly liable for.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Finance

In NJ can you be added to title of car with the banks permission to register and insure the vehicle but not be on the loan?

Is the bank really going to agree??


If the insurance does not pay the amount due on the vehicle what happens to the loan?

i am assuming the following: your vehicle totaled, you do not have GAP insurance and the value of your vehicle was less than your payoff...unfortunately you will still owe this balance, most lien holders will do what they call a 'transfer of collateral'' meaning they will finance (assuming you are in good standing) if you want. your replacement vehicle and put this balance on top of that note....immediately making you really upside down AGAIN ...pleeeeeeeeeeeeeease get gap insurance on this one, talk to your lien holder about it...gap insurance pays the 'gap' between the value of the vehicle and the note balance..


If you bought a car with high interest and currently you have an upside down loan would it be a good idea to trade the car in for a cheaper newer model with a lot fewer miles?

The problem with many of the auto loans is that you get "upside down" in them quite soon. Even if you buy a newer vehicle, when you trade in your existing vehicle you will be upside down almost immediately. Pay off what you have, drive it as long as it keeps serving you well. Once it is paid off you will have some equity to put down on your next vehicle. Then you should only buy something with a 2 or 3 year note. Anything longer will put you upside down. If you can't afford the shorter note on the vehicle, don't buy it; it just means you cant afford the vehicle. The only people who really make money on those deals is the finance company. You're giving a lot of money to someone so that you can buy a vehicle that you can't really aford.


How much interest can be charged in a garnishment?

Good morning, Long story short: - In court ordered mediation (5/2012) agreed to settlement of $1724 less than originally owed ($5434, 6/2011) and not to file a judgement if defendant agreed to make timely monthly installments of $300/month - $250 paid 6/29/12 - $500 paid 9/27/12 after meeting again (independently of the courts) and agreeing to start anew if timely payments were made from then on - filed a judgment in February 2013 after making several contact attempts and receiving no money since 9/27/12 - 6/20/13 I learned defendant now has a full time staff position with an agency (we are both freelance independent contractors working for at least 12 - 15 different agencies so garnishment was not really possible until now.) Question regarding interest on the Writ of Garnishment. - is 90% illegal? My originally agreed upon contract states that a 5% penalty will be added every 15 days that full payment is not received. No money in 9 months at about 10%/month cumulative = $2664. That comes out to about 90% but the form does not allow for monthly cumulative interest. instead it's written as: "______ Plus post-judgment interest, on $___ , at ___%, for period from ____, to ____, ___Year ? - How much can I put down as interest payment? There is a 2nd line "Plus additional post-judgment interest" ? - How much can I add here? ? - How can I now recoup the $1724 lost in settlement plus the $2960 left unpaid from the settlement through this garnishment procedure? I want the garnishment total to equal $4684 from period of 9/27/12 to 6/27/13 I'm going this morning to file the Writ of Garnishment myself. Thanks you in advance for your help! Tatiana tri.terp@yahoo.com


How much does it cost to purchase used cars on finance?

The cost to purchase a used car on finance really depends on how much the vehicle costs. The other factor to the cost variance is the percentage of monthly or bimonthly payments including interest. Other factors need to be taken into account as well, gas, insurance, licensing, maintenance of the vehicle.

Related Questions

If I agree to new repayment terms can a collection agency cancel the garnishment of my pay?

I would say that it should be part of the repayment terms, otherwise, why would you agree to a repayment? It is simple really, you keep repaying (on whatever terms you can hammer out) as long as they don't garnish. The second they garnish, you don't pay them a dime more.


I need to garnish wages?

Not really... they taste fine without a garnish.


Can more than one creditor issue a bank garnishment and payroll garnishment at one time?

Not by creditors. The exception to multiple wage garnishments are, child support, federal or state tax arrearages and in rare cases spousal maintenance. Therefore a creditor could garnish wages at the same time of garnishment by the aforementioned.


What are threatened speacies?

An example of a threatened species is a bald eagle.


Are narwhals rare?

Not really rare but they are near threatened.


Who threatened Japan?

Nobody really, Japan first threatened China and was killing the Chinese but then America helped China and had a war.


What percent of the world has narwhals?

Not really rare but they are near threatened.


If you make 8000 a year can they garnish your wages in New York state?

Well, it might be possible but it would be a pretty small garnishment amount, not really worth the effort one would think. Federal law protects the first $154.50 of weekly disposable wages from being garnished. So, as is said "do the math". If you qualify as head of household you would have even more protection under the law.


Are garter snakes danerous to humans?

Not really. They will bite if the feel threatened but they are not venomous.


How do you choose a garnish?

First, garnishes should always be edible even if you don't mean it to be eaten. You don't want to serve a plate and then tell people not to eat something on that plate. Next, it should add color to the plate. If your dish is mainly green, parsley wouldn't be an interesting garnish. Also, the garnish ideally should reflect some aspect of the dish. Often people garnish with a sprig of the herb used in the dish. If you really want to go all out, try carving a pretty design out of a vegetable to act as a garnish.


What is the antonyms of the word vehicle?

There is not really a antonym for the word vehicle.


Is Chris Brown really going to kill rihanna?

No he only threatened her he would kill her.