by Anonymous on December 20th, 2007

Anonymous

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When a vehicle is repossed can the bank garnish your wages?

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  • by Anonymous on December 21st, 2007

    Anonymous

    The bank can, but it rarely happens, since the vehicle has been repoed.

    The object of the auto loan is for you to make the payments. when a vehicle is repossessed, the bank has its collateral back and you are no longer responsible for the payments.

    Say goodbye to your credit rating.

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