logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Capitol one

Date: Sat, 10/24/2009 - 06:03

Submitted by CMC
on Sat, 10/24/2009 - 06:03

Posts: 8 Credits: [Donate]

Total Replies: 3


Has anyone ever heard of or had experiences with Capitol One auto finance trying to repo your vehicle when you are current because you are in default for credit card to cap one?


I've never heard of that. I'd think that's a pretty big no-no. Your auto loan and your credit card are two separate things.

The only way I could see Capitol One taking your vehicle for CC debt is if they sue you and are granted a judgment. At that point, they can come after your car. But considering you owe money on it, I don't know why they would. Because then they'd have the CC debt paid back, but if you defaulted on your auto loan, there would be no collateral for them to take back.

They'd then have to take you to court again for the auto loan and if they get the judgment, then they'd have to try to garnish wages (depending on what state your in, they may not even be able to do that), or put a lien on your bank account.

Maybe I'm way off base here and someone will correct me. But I just don't see you getting your vehicle repo'd over a credit card debt unless they have sued you and won.


lrhall41

Submitted by anc526 on Sat, 10/24/2009 - 07:23

( Posts: 192 | Credits: )