need advice

When they repo the car they will then auction it off. It will likely sell for much less then it's currently worth, and much less then you currently owe . . . You will still be reponsible to pay the remaining balance after sale. They can sue you and take you to court for it. If they get a judgement against you they could (depending on your state laws) garnish your wages or take money directly out of your bank account. You need to try to work with them on some payment plan.

It will also show on your credit report as a repossesion. My brother let a truck get repoed and it was a voluntary thing, but it is on his credit report.

I can offer the same information. My brother had two repos, one was a voluntary, the other wasn't. In both cases he had to pay back the loans. Definitely talk to someone at the bank about working with you. Explain your whole situation and go from there. Good Luck!

The creditor will try to recover their loan, either by putting a lien on your assets or garnishing your wages. Since you don't have any assets, they will try for the garnishment because you have a job. Under the federal laws, the garnishment will go up to 25% of your disposable income. You need to check the specific laws in your state on wage garnishment. When people don't have a job and any asset for evaluation, they can try to be judgment proof since there is no means to pay the debt.

I tried talking to someone from the bank and they told me the same thing, but the supervisor told me to check the state laws regarding garnishing because only certain states can do it. I cannot find the information about california laws and wage garnishing. I don't have a bank account, so they can't take money from there, and my credit is already ruined so I'm not worried about that. The only thing I'm worried about is whether they will attach my wages or not. If anyone knows about the California law regarding that, would you please let me know. I appreciate all the help and the replies.