Debt Collection, Garnishment, Repossession
questions & answers
Question: If I'am a co signer on an auto loan, can they garnish my wages?
Answer:
If you feel that you may be subject to garnishment, you may want to contact an attorney because garnishment tends to be very complicated.
Generally, as a co-signer to a loan, a person agrees to become responsible for the debt if the other person stops paying or left a deficiency balance after recovery (such as when a car has been repossessed and later sells for less than the balance of the loan). Although there is no statute that directs a creditor to attempt collections from a particular debtor – creditors may focus in on the "most collectible" party, or the party who they expect will be able to repay the loan. You may want to review the laws on garnishment of earnings which can be found in the Arizona Revised Statutes (A.R.S.) under Title 12, Chapter 9, Article 4.1 (beginning with A.R.S. § 12-1598). You may also want to review the materials on the Arizona Supreme Court's website on garnishment.
QUESTIONS
-
If I'am a co signer on an auto loan, can they garnish my wages?
STORIES
-
He told me that I could actually get all the money I needed by using my home as collateral. . .
-
He told me that I could actually get all the money I needed by using my home as collateral. . .
-
Age discrimination in the workplace. . .
LegalLEARN
-
Free & Reduced Fees Legal Aid Resources
Click Here to apply online, or call
866-637-5341.
YOUR FEEDBACK IS NEEDED
- Let us know how we are doing! Please take a couple of minutes to fill out our survey.
FIND LEGAL HELP
- Please select your county of residence below.
OTHER LEGAL RESOURCES
-
State Bar of Arizona
www.azbar.org -
Maricopa County Bar
www.maricopabar.org
Referral number 602-257-4434 -
Pima County Bar
www.pimacountybar.org
Referral number 520-623-4625 -
National Domestic Violence Hotline
800-799-7233 -
Bankruptcy Court Self Help Center
866-553-0893 -
Certified Legal Document Preparer Program
Link
ORGANIZATIONS
- Sandra Day O’Connor College of Law, Civil Litigation Clinic
View full description - Center for Community Dialogue
View full description - Community Information and Referral Services
View full description - Arizona Corporation Commission
View full description - Arizona Senior Citizens Law Project
View full description