Summary
In Texas, if you voluntarily surrender your RV, the lender can sell it and sue for any remaining balance. Social Security benefits are generally protected from creditors, but a Certificate of Deposit (CD) may be garnished depending on the type of debt. Consult a local attorney for specific advice.Full Conversation
If i return my rv can the lender take my money from my bank account
Hello ****, it's important to know which jurisdiction you're in to provide accurate information. Could you please share your location?
Texas
Hello ****. In Texas, if you voluntarily surrender your RV, the lender can sell it and apply the proceeds to your outstanding debt. If there's still a balance left, they may sue you for it. However, directly taking money from your bank account without a court order is generally not permissible.
If i have a c/d can i remove it
Hello ****. Do you mean a Certificate of Deposit (CD)? If yes, you can generally withdraw it before maturity, but there might be penalties. Specific terms depend on your bank. Could you please clarify if you're referring to a CD or something else?
Yes
Hello ****. If you're referring to removing funds from a Certificate of Deposit (CD) in Texas, you can do so. However, keep in mind:
- Early withdrawal may result in penalties.
- The penalty amount varies depending on the bank.
- It's recommended to check your CD agreement for specific terms.
I will be * next month and only get social security. My cd is all i have in case of emergency
Hello ****. I understand your concern. Are you asking if Social Security and CD funds are protected from debt collectors in Texas?
Yes
Hello ****. In Texas, social security benefits are generally protected from creditors. As for a Certificate of Deposit (CD):
- They may be garnished, depending on the type of debt.
- It is advisable to consult with a local attorney for specific advice.
Thank you
You're welcome, ****. If you have any more questions in the future, don't hesitate to reach out. Take care.
TRY ME!
Start a new chat