Small business,such as local business,personal finance,credit and real estate.
Okay, here is another financial question….?
18Jun2008 Filed under: CorporationsQuestion:
Does anyone know how to stop paying interest on a car loan if the car has already been reposessed. I owed about 5,000 when it was repoed, now they are going to get a judgement against me and the bill has gone up to 8000. (1000 is court costs and attorney fees, I got that.) but the 8000 is after they deducted what they sold the car for. I don't think that it is right that they can do this. Also I have to pay for their high a$$ attorneys and can not even afford one of my own. I would put it on my chapter 7 I am going to file but I have a co-signer and I do not want her to get screwed for the money, any ideas on how to get them to come down on their price without having to pay a lump sum. If I had lump sums of money the car note would not have been a problem!!!!
Answer:
Call a local attorney and ask if your wages can be garnished for a civil judgment that is not tax or child support related.
If the answer is no, there is little or nothing that can be done to collect the debt other than harass you. Civil matters are not criminal and there is nothing a debt collector can do other than garnish wages and seize certain property (depending on state) to satisfy a judgment.
It depends on the state. But, wage garnishment is the only mechanism they have to force you to pay them money.
They appear to have a judgment so there is little or nothing you can do about that.
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