debt collection

Submitted by lacecraze7 on Sun, 08/18/2013 - 23:56
Forums

can i have my vehicle repossessed if i have to go to court over a debt owed to a third party,if i am on workers compensation for work related injury and the vehicle is registered in my name but i am making payments to a car lot, and do not OWN said vehicle as of yet..my debt is higher for the said vehicle more than the debt owed to the collector.

Welcome to the forums!!!
I don’t think they can repossess your vehicle since you are paying for it. But the collector can sue you because of nonpayment of debt. Once the court issues a judgment against you, then they can garnish your checking account or place a lien on your property.

Mon, 08/19/2013 - 05:10 Permalink

HUH???? Of course they can repo it. You bought it and financed it at a certain price. Once they repo it they will sell it at auction and you will be held responsible for the deficency balance. They will probably sue you and once you are back to work they will be able to garnish you.

Sun, 08/25/2013 - 13:18 Permalink