can a Vehicle be taken with a CC judgement against you
Date: Mon, 06/27/2011 - 15:04
I have a judgement against me by capitol one credit card and i was wondering what they can take from me if anything?
I currently own my car free and clear. i rent my apartment and don't own anything else. no assets. i don't have good credit and i needed a loan, i was wanting to get a small $1,000 loan from the bank and using my car as collateral. But of course the car is the only thing i own and need and i could not risk loosing my car.
Is there any way the judgment could take my car if i ask for a small loan against it?
I currently own my car free and clear. i rent my apartment and don't own anything else. no assets. i don't have good credit and i needed a loan, i was wanting to get a small $1,000 loan from the bank and using my car as collateral. But of course the car is the only thing i own and need and i could not risk loosing my car.
Is there any way the judgment could take my car if i ask for a small loan against it?
If you used the car as collateral, you do not own it free and cl
If you used the car as collateral, you do not own it free and clear so no one but the lein holder can take it.
However, I am assuming you have wages and a bank account...they can now garnish your wages and seize your bank account. In a round about way , you still would end up loosing your car...but to the bank.
