Legal Question in Credit and Debt Law in Mississippi

My vehicle was repossessed. Do i still have to pay for it? can they garnish my wages if i dont pay for it?


Asked on 9/22/09, 2:25 pm

1 Answer from Attorneys
Wayne Woodall Wayne Woodall Attorney

When a vehicle is repossessed the lender will sell the vehicle to the highest bidder. You will owe the difference between the total loan amount plus collection/recovery charges minus the amount paid by the successful buyer. The lender is able to garnish wages once a judgment is obtained through the Courts.

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Answered on 10/01/09, 8:16 am


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