 Capitol One? |
| Can someone tell me how do the credit companies know what your credit limits are on your Capital One account because they sure don't let anyone but the person who has the card know the limits. <... |
|
 I am searching for online job without paying any initial payment. i need money for my work. no luck and all? |
| That is if i work (eg: typing work or any other work given by concern) they will pay for that. no gambling and conditions.... |
|
 Bad Credit? |
| I recently went to free credit report.com to check my credit. I thought that my credit was fine, but when I visited the site I was wrong. Whats the fastest way to rebuild my credit?... |
|
 Is there a place to ACTUALLY get your credit score FREE? |
| ...without signing on for something or buying anything?... |
|
 How to make your credit very good? |
| what are things i need to do to make my credit good beside paying off my student loans and credit cards and paying off the bad debts on my credit report. I know to pay things on time but all the bad ... |
|
 My boyfriend and i borrowed £1000 off his stepfather last month? |
| my boyfriend borrowed £1000 off his stepfather last month, it was put on his credit card, he owes nothing on this credit card except the£1000 we borrowed. he is now saying the interest for the one ... |
|
 What happens if I pay more then my balance off on my credit card? |
| I had a balance of £450, and transfered £650 to pay it off instead....what happens to the £200 surplus??... |
|
 Should I cosign on a car for a friend who is willing to pay me? |
| A close friend asked me to cosign on 70K car for 4 yrs. And she going to pay me 3k on the day that its purchased. But Im a little worried about the deal even thou I really need the money. I know that ... |
|
 What trouble would a person be in if they did not pay for a credit card.? |
| My freind has become very ill with a mental illness and is on a very small pension and has offered the company what she can afford and they will not accept it and keep calling her and harassing her.W... |
|
 How good of a mortgage rate can someone get for having an excellent credit score? Over 800? |
| I recently got a quote for a 30 yr. fixed rate mortgage of 6.75% and was wondering if that was a good rate considering I have an excellent credit score. I simply thought it would have been lower, and ... |
|
 How can I help my GF eliminate her debt??? |
Basically, I just want to know how she can be helped. Paying the monthly min is really high right now. She said it was like $480/month which is really killing her.
I had thought about D... |
|
 My brother has a bad credit rating, how long will it take to make it better? |
| He has been paying all his bills and debts on time and not defaulting on payments for the past three months, how long will it take for him to qualify for credit again?... |
|
 I owe $709.99 for what? |
| I got a paper from a collection agency today for some... I don't even know what it is or who it is or what they do.. company, saying I owe them $709.99. I have NO IDEA what it is. Never even ... |
|
 Can an auto loan actually help your credit if you make all your payments in full and on time? |
| I am currently 19 and a half and I got a credit card the day I turned 18. I pay off all my balances immediately and I would potentially have a perfect credit score if I had a longer credit history. ... |
|
 I am being sued by a credit card company for about $2,200 but can't afford to pay them. What should I do? |
| I have a court date on the 14th of this month. I thought they would just write this amount off but was served with court papers today. Any suggestions or advice would be greatly appreciated... THANKS!... |
|
|  |
mrenee0609 | What happens if my truck gets repossessed? |
I put a truck in my name for my bf at the time(my ex now) He made all the payments for a year so I had no problem with keeping the truck in my name because he had bad credit. But now, he is in prison and can't make the payments. I can't afford to make the payments either so I am thinking about letting it go back. I have tried to sell it with no luck, I owe more than what it's worth. I live in NC and was wondering what would happen if the bank repoed it. I know that my credit will be ruined, but can they garnish my wages?
Additional Details
But can the bank garnish my wages? I know I will have to pay the difference, but what happens if I don't pay it? I read somewhere that in NC they can't garnish wages unless its for taxes or child support. |
 |
 
SPIFIMAN1
 |
Auto finance is what I do for a living and this is what will happen, the lender will sell the vehicle at auction for less then it's worth and come after you for the difference including all fees for repossession, towing, storage, reconditioning, lawyers, interest and anything else they can think of.
If you do not pay, they will take you to court and get a judgment, you are correct that in the State of North Carolina the only things that wages can be garnished for are government services and taxes, but what they can do is attach bank accounts and file liens on any other property you may have like cars, boats, land and homes.
All of this activity will show on your credit for the next 7.5 years making it very hard to get any other types of loans without paying huge fees massive down payments and State maximum interest rates.
Sell it for what you can get and take out a personal loan for the balance, this way your credit will not be trashed. |
|
kja63
 |
A vehicle loan is secured debt. If the lender repossesses it, they will sell it. What usually happens is that it is sold for far less than the outstanding loan. YOU then owe the balance. And yes, if you don't make payment arrangements with them and repay everything on time, every time, they will hound you unmercifully every day from 8:00 am until 9:00 pm. |
|
Sharon F
 |
I dont know what NC laws are on garnishment but I seriously doubt it
I know for sure that the only agency that can garnish your checks is the government (ie: student loans, taxes etc) but not creditors....that's in my state of Texas!
I think the worse case scenerio is that they will repo the truck, sue you for the difference of sale of the vehicle |
|
Steve C
|
It depends on the bank. What happens is the creditor will usually sell it to a collection agency or attorney's office. Usually but not always if it is sold to a collection agency, you will be ok. Attorney's offices are in the business of garnishing people's wages. My mom works for one and they are hard core when they go after your money. They will add on attorney's fees, late fees and fees that you have never heard of along with high interest to the balance and you will probably end up owing more than you borrowed in the first place even though you gave up the car. If you are going to let it go back, just pray that it doesn't get sold to an attorney's office. Otherwise I would suggest to try to keep the car to avoid all of that headache and sell it later. Best of luck! |
|
FLORIDACHICK84
 |
If they get a judgement agianst you in court. |
|
guy2008
|
yes and they will make you pay for it unless you can get someone to take over the payments just advertise. |
|
Miltown
|
you have a small period to pay what you owe. After that they can resale it |
|
EMT13
|
If they repo it then they sell it and you have to pay the difference in the price they got and what you owe plus fees. If you don't pay the difference they can take you to court and garnish your wages.
And once that repo goes on your report bye-bye getting credit for a long time. You need to do everything you can to get the money to pay the difference. Extra job, sell stuff (boyfriends stuff..hey he's in prison he doesn't need it *LOL*).
I think I'd do whatever I could to not let it get repoed. Talk to the bank too!! |
|
my_rainythoughts
|
they will auction it off...and you wont be able to buy anything like a car or a house for a long time |
|
Danny L
 |
No, only reasons that you can get wages garnished is Child support, IRS (property taxes and county taxes included), and student loans, go to FTC.com and search for that. |
|
dscottprice
 |
The repossessed vehicle will be sold at auction. The difference between what it brings at auction, and the amount owed will still be your responsibility. There is no such thing as "letting it go back" and yes they can file for a judgement, and garnish your wages for the above mentioned amount. |
|
beasta5656
|
yes they can
my mother lives in NC and had a car repoed |
|
Earl B
 |
My guess is you'll get have bad credit and not they can't garnish your wages. unless you owed to the law or in that nature. like child support or the government or you were sued. |
|
ffnremt_p
|
THEY CANNOT GARNISH YOUR WAGES.....Here is how it works, you dont pay...fine!!!..they will try to contact you to try to work something out... IF they dont... You NEED to contact them... and try to work out a lower payment.. Sometimes they will let you pay what you can... keep in mind they LOOSE money too if you dont pay...IF you dont contact them... LOOKOUT because they can take you to court..... |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 20 minutes(s) ago
| | | |
14 | 38 minutes(s) ago
| | | |
14 | 1 hour(s) ago
| | | |
13 | 3 hour(s) ago
| | | |
6 | 8 hour(s) ago
| | | |
15 | 11 hour(s) ago
| | | |
14 | 2 day(s) ago
| | | |
10 | 1 week(s) ago
| | | |
17 | 2 month(s) ago
| | | |
14 | 3 month(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
