Chosen by Asker

Seriously, I have not seen that many people get a lien against their vehicle. Houses yes, cause houses appreciate. But vehicles dappreciate (lose money) Usually a creditor knows that by the time you are done paying off a truck it isn't going to be worth very much and besides that even if a place puts a judgment on a house they don't actually collect any money unless you SELL the house. It would be the same thing with a truck. They wouldn't get anything unless you sold it or got into an accident and your insurance would then pay them.

by ifyouwantwhatwehave

3 years ago

Asker's Rating: 

Not unless you bought the truck with a credit card.

by Sronce- 3 years ago

No.

by Steve H- 3 years ago

Not unless you offered the title as security on a loan; and that wouldn't make sense on a credit card. As long as you have the title, you're safe.

by wizjp- 3 years ago

If the credit was "secured" by the truck, than yes. If it is an unsecured loan/credit, the creditor can't just take or reposses your truck, but that doesn't mean that they can't hurt your credit among other things. PAY YOUR BILLS!

by CSUflyer- 3 years ago

Only if you used it as collateral.

by KD- 3 years ago

Just Relax He Cant, In Not In Law

by blueblood- 3 years ago

Most secured credit cards are done so through a deposit or a savings account at a bank where you can't touch the money... most credit cards are unsecured, anyway, so I'm going to say "no." If the creditor takes you to court (they probably won't, but a debt collection agency will THREATEN), then you can say that it would pose a financial hardship/undue burden (because if you don't have reliable transportation, it's difficult to have a job).

by Sarah K- 3 years ago

not specifically, But if it goes to a bailiff they won't ask questions they just take to the value of. Make sure you stay on top of the issue. try and come to a mutual agreement of some sort.

by shortarsetitch- 3 years ago

not at all. the only way they can repo. the truck is if you arent paying your loan. if you paid for the truck with a cc, highly unlikey though, they cant touch it. the credit card company will send you into collections though. a cc pays for your item for you then you pay the cc company. thats basically how it works. anything with a cc unpaid goes to collections. good luck and pay your bills.

by ConanaBanana02- 3 years ago

No

by dual_reality- 3 years ago

I don't think they can, but they can put a Lien against it and you would never be able to Sell it. Credit Cards can be a usefull tool in our daily Lives, but so many people forget when they pull that Plastic out, that a Bills on the way the first of the month and that interest eats you up..

by donna_honeycutt47- 3 years ago

It depends. If there is no lien on the vehicle and the credit card company gets a judgment against you then yes they can put a lien on your truck. Actually even if there is a lien they can still do it if they get a judgment they would be the second lien holder and would be paid only after the first lien holder is paid. Without a judgment, there is nothing they can do.

by spifiman1- 3 years ago

not in the state of texas....but in other states they may garnishee your wages

by sunbun- 3 years ago