To answer your question regarding taking your car, the short answer is no; in most cases, the collector cannot repossess or take the car. The exceptions would be if the defaulted debt is a loan that was used to purchase the car, or if the debt is the result of a title loan, where the car …
Mar 10, 2013 · Rating Newest Oldest. Best Answer: If the car is not collateral for the debt, they cannot just take the car. The collector would have to sue, win a judgment and then use the judgment to lien the vehicle. At that point, they could then pursue taking the car. It is not likely that the collector will go after your vehicle.
Can a debt collector take my car. The lawyer won summary judgment. I did my opposition but of course the judge said it wasn’t sufficient to offset the plaintiff’s proofs. So now I have to pay (I guess I am OK with that) but these people (Pressler and Pressler). So I get a list of questions that I …
Jun 09, 2014 · Debt Collectors Have to Sue You to Take Your Car The first thing the debt collector has to do before it can seize your vehicle is sue you and win. That sounds simple enough, but lawsuits are a last resort for collection agencies.
If a creditor has access to your bank account, you can be pretty confident that the creditor is going to collect what it’s owed. This means that you should never give a creditor your bank account information. Most debt collectors will ask you to pay this way, and you should not do it.
Can a debt collector take your car? Our reader, Marbella, who lives in California, says a collection agency told her she must appear in court over a debt of $1,200 that she defaulted on a while back:
Can a creditor or debt collector take the money in my bank account? If a judgment was entered against you, a debt collector might be able to freeze and take money from your bank. In most cases, the first $2,496 or less of your bank account is exempt from collection.
They can do this by attaching your assets (your car, bank account, etc) and also by garnishing your wages. The only way to fix this is to find out who owns the judgment, contact them and request a payment plan where you agree to pay in monthly installments and they’ll give you a …
Featured In. Creditors and debt collectors have various ways to try to collect on loans or debts you may owe them. Of course, there’s the traditional phone calls and collection letters. But some creditors can record a lien against your property, levy your bank account, garnish your wages, or repossess your car or other personal property. It’s
Apr 07, 2007 · Can the collectors take my show more I had an overdue credit card debt that turned into a judgment against me 2 years ago. So far no wage garnishment has taken place becuase they don’t know where I work. recently, Dept. of licensing notified me that they (collectors)were requesting information on if I owned a vehicle.