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If you voluntarily give your car back to bank can they garnish your wages or put a lien on your home?

In: Repossession [Edit categories]

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In most cases YES. You should talk to an attorney in your area for state specific advice.

Yes, if the lender obtains a judgment for the deficiency.

First answer by Macky. Last edit by Macky. Contributor trust: 5186 [recommend contributor ]. Question popularity: 205 [recommend question].

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Can the bank garnish your wages for back payment after taking the car?
The short answer is "Yes". The bank repossed your car---indoing so they incurred costs...the tow truck, gas, lot fees, filing paperwork at county,etc... All the fees are added to the outstanding...
If you give up your car can they garnish your wages and put a lien on your house you live in Texas?
After the lender gets a judgment they can garnish your wages but they cannot getyour house unless you used it as collateral for the car loan.
What can a bank do to you if you give a car back on your own?
i o 19000 on a 10000 car at 560 a month 4 years left on loan
What happens when you voluntarily give back a car?
Bad things, among which is ruined credit for 7 years, payment of the balance left on the note after the bank sells your car. Not good things. Don't do it. Call the lender and work something out.
Can the bank garnish your wages or put a lien on your house for a voluntary repossession?
http://www.pacode.com/secure/search.asp search the PA code vol. will make no difference