The short answer is "Yes". The bank repossed your car---indoing so they incurred costs...the tow truck, gas, lot fees, filing paperwork at county,etc... All the fees are added to the outstanding balance--the car is then put up for auction after a certain lenght of time if it's not redeemed by the owner. In the mean time, interest is incurring on a balance that is rising instead of lowering with each payment. If all goes right, someone buys the car at the auction but usually for alot less than the outstanding balance. This means you still owe money and the bank is going to collect. More than likely, you are trying to ignore the letter but don't...it will be a bigger mess if you let it go. Everyone at work will know about your problem because there is always someone who can't keep quiet about it. Make arrangments with the bank to either get the car back or to make payments on the deficit balance without having the wage go thru. Good Luck
There are a few reasons why wages can be garnished in the state of New Jersey. Reasons include back child support, back alimony, or back taxes.
Yes. There's a process they have to follow, which includes getting a court judgment against you. If you don't hold to that judgment (which is usually paying back the money owed), they can ask the court to garnish your wages.
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.
No. Wages can only be garnished in very few situations and by the government-like for back child support. He would have to have a court order to garnish your wages for anything. else. The article below explains the instances in which wage garnishment is allowed more specifically.
contact the childrens aid and the local court system to help you with this
The IRS can garnish your wages if you owe the government back taxes or defaulted on your student loans. They can take as much as it takes to pay off the debt.
they should not be able to garnish wages for a vehicle the leinholder has taken back into their possession for payments not being made. They have the vehicle back, so its not right for them to take your money.
Sure. Death benefits do not enjoy any preference when the beneficiary owes back taxes. They can also garnish your wages and/or Social Security Benefits. You best bet is to set up a payment plan with then and get the back taxes paid.
Unless you file with Social Security for disability for you ailments, you will unfortunately will be on the hook with the doctor who is trying to garnish your wages. Unless you are not working, you will be garnished. I know as it happened to my dad and the advice he was given was to seek SSD or else you will have to pay. Maybe you can work out a payment arrangement with this doctor to get him off your wages, it doesn't hurt to ask.
If you signed a contract in which you agreed to have your wages garnished should you not pay back the loan, then yes. There's more information at www.getecash.com
If they were not part of the foreclosure deal, meaning that they didn't sign off on the short sale, then the loan is still outstanding. I suppose you didn't make the requested payments, so they are following up by garnishing your wages for payment. Check in with a real estate attorney, but you probably have a choice between paying up or having your wages garnished.
If you have paid the loan, you can file a civil lawsuit to try to get your money back and quite possibly garnish their wages. Depending on the amount you may be able to file in small claims court. You can visit the court to inquire about the small claims court limits in your state. You will need proof that you paid the loan.