Virginia  |  Credit and Debt Law

Legal Question

Asked on: 11/08/06, 2:55 pm

With a judgement against me, can they take my vehicle?

I had a credit card that I couldn't pay. The company has obtained a judgement against me. I don't own a home or anything. In trying to re-establish credit, just a few months ago, I got a loan on a vehicle. My name is the only one on the lien. I owe $4300 on the credit card and $12000 on the vehicle. With having this judgement against me, can they take my vehicle? If so, how likely is it that they would do this? Also, since I've had the credit card, I've changed jobs and banks. How easy would it be for them to get my information? I know several people who have had judgements placed against them for credit cards, but none of them have ever been garnished for that type of debt. I know that by law they can, but do they not typically garnish for credit card debt? Do they garnish only for the principal amount, or do they take interest, late fees and all? I appreciate your time.

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