Yes, and they will. The can garnish up to 25% of your wages.
yes they can
That is what we call theft. And then you will be sued, your wages garnished and your credit destroyed.
If you default on a car loan the creditor may obtain a court judgment that will enable it to garnish your wages. The rules are provided at the link below.
If they are the originator of the loan, and you are in arrears, yes, they can.
Yes they can.
After the lender gets a judgment they can garnish your wages but they cannot getyour house unless you used it as collateral for the car loan.
Yes, after due process is followed in accordance with the laws of the state.
Payments are the entire balance due after the lender sells the car and YES, in most states they can garnishee your wages.
Yes, if there was a deficiency balance owing after the car was sold at auction. Your creditor would have to sue you and obtain judgment in order to garnish your wages.
Yes if you signed a wage garnish when buying the car. If you didn't they may be able to but the courts will have to decide.
The person or company that repossed it.
In Colorado, a bank typically cannot directly garnish your wages for a car repossession. However, if the bank repossesses your vehicle and you still owe a deficiency balance (the difference between what you owe on the loan and what the car sells for), they may sue you for that amount. If they obtain a judgment against you in court, they can then seek to garnish your wages to collect the debt. It's advisable to consult with a legal expert for specific guidance on your situation.