My question involves a consumer law issue in the State of: South Carolina
So my situation is this; I have a car 2012 Nissan Sentra that is only worth $4000-$5000 and the loan payoff is 11,000 with a 27% rate. I plan on returning the car & letting it hurt my credit (The payments are killing me and my dad isn't in the best of health he typically helps make half of the payment) but ultimately, the car isn't affordable nor worth it. Now the thing is I do plan on paying the amount back later, but for right now, I know I can't afford to. So Ive elected to do a volutnary repossession and tehn later on start a payment plan, but heres the thing: I don't want them to garnish my wages. Ive looked it up on Google & it says via numerous sources that in S.C. that they can't garnish due to being a consumer debt/private party. The company though that I signed the documents is based in Arizona, so could they for all purposes get a judgement in Arizona and then apply it to here or would S.C. law supercede the judgement made in another state even though the documents were signed in S.C? (Never been to Arizona, only lived in S.C. my entire life).
So my situation is this; I have a car 2012 Nissan Sentra that is only worth $4000-$5000 and the loan payoff is 11,000 with a 27% rate. I plan on returning the car & letting it hurt my credit (The payments are killing me and my dad isn't in the best of health he typically helps make half of the payment) but ultimately, the car isn't affordable nor worth it. Now the thing is I do plan on paying the amount back later, but for right now, I know I can't afford to. So Ive elected to do a volutnary repossession and tehn later on start a payment plan, but heres the thing: I don't want them to garnish my wages. Ive looked it up on Google & it says via numerous sources that in S.C. that they can't garnish due to being a consumer debt/private party. The company though that I signed the documents is based in Arizona, so could they for all purposes get a judgement in Arizona and then apply it to here or would S.C. law supercede the judgement made in another state even though the documents were signed in S.C? (Never been to Arizona, only lived in S.C. my entire life).
Repossession: Voluntary Repossession: Can They Garnish
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