QUESTION
Can a creditor take my used vehicle if I owe federal n state student loans over 20000
Asked on Jun 16th, 2018 on Collections - New York
More details to this question:
I want to drive to drive to my new job to pay my student loans but I’m afraid a creditor can take my car? I live in ny
1 ANSWER
1 Award
In theory they can, but they won't. Bank creditors do not pursue cars, in general. They pursue wages and bank accounts.
Answered on Jun 21st, 2018 at 8:38 AM