What is the name of your state? KY
I own and operate a used car dealership in a town of 8,000 population. The majority of my sales are done with in-house financing. I have been in business over 15 years, and small towns being what they are, I am generally successful in collecting repo deficiencies. Employment locations are readily known, and I have an attorney who gets the judgment and then proceeds with wage garnishment. If people have become unemployed, I work with them to the best of my ability.
Now about my deadbeat. I remember him from school. He was a star athlete, and honor student. He got admitted to West Point, and became an Army Officer. He retired from the Army about 2 years ago. Most people who leave here and have success, never come back. This guy came back, supposedly "wanting a simple life".
Most of my customers are working folk, making $8-$12 an hour. So when the Army Officer walks in, shows me the paperwork giving him a $3800 a month pension as proof of income, I wonder what he's doing here? Any car on my lot can be bought for 1/3 down. This guy gives me $6000 CASH down on a 7 year old BMW, and I finance him $12,000 for 36 months at $440 a month.
All my cars are sold as is. The guy comes back in 2 months, drops the keys on my desk. Says "the car's a POS and to stick it----", and walks out. Well, I waited about 30 days and contacted my attorney. We filed suit for the $12K and won.
I don't know much about the military, but have always been told they enforce collection of debts against their members. My attorney has found that not to be the case. We have tried to garnish his pension and the military refuses to approve it. He has accounts in some Credit Union in TX. They come back as "exempt funds" (whatever that means) when we try to levy them.
Like I said, he has a $3800 a month income. He's single, rents a small apartment for $350 a month and his property has little value. His furniture, computer, TV, are all from the rent-to-own place. And listen to this! He's now paying around $800 on a month to month rental with the local Enterprise office on a new Cadillac CTS!
If this was a struggling family man, I would cut him some slack. But he's in his 40's, doesn't work, and lives like a bum. I want my money.
We've done a debtor's exam and everything else. The judge says nothing can be done. I think he cuts the guy a break being a veteran and everything.What is the name of your state?
I own and operate a used car dealership in a town of 8,000 population. The majority of my sales are done with in-house financing. I have been in business over 15 years, and small towns being what they are, I am generally successful in collecting repo deficiencies. Employment locations are readily known, and I have an attorney who gets the judgment and then proceeds with wage garnishment. If people have become unemployed, I work with them to the best of my ability.
Now about my deadbeat. I remember him from school. He was a star athlete, and honor student. He got admitted to West Point, and became an Army Officer. He retired from the Army about 2 years ago. Most people who leave here and have success, never come back. This guy came back, supposedly "wanting a simple life".
Most of my customers are working folk, making $8-$12 an hour. So when the Army Officer walks in, shows me the paperwork giving him a $3800 a month pension as proof of income, I wonder what he's doing here? Any car on my lot can be bought for 1/3 down. This guy gives me $6000 CASH down on a 7 year old BMW, and I finance him $12,000 for 36 months at $440 a month.
All my cars are sold as is. The guy comes back in 2 months, drops the keys on my desk. Says "the car's a POS and to stick it----", and walks out. Well, I waited about 30 days and contacted my attorney. We filed suit for the $12K and won.
I don't know much about the military, but have always been told they enforce collection of debts against their members. My attorney has found that not to be the case. We have tried to garnish his pension and the military refuses to approve it. He has accounts in some Credit Union in TX. They come back as "exempt funds" (whatever that means) when we try to levy them.
Like I said, he has a $3800 a month income. He's single, rents a small apartment for $350 a month and his property has little value. His furniture, computer, TV, are all from the rent-to-own place. And listen to this! He's now paying around $800 on a month to month rental with the local Enterprise office on a new Cadillac CTS!
If this was a struggling family man, I would cut him some slack. But he's in his 40's, doesn't work, and lives like a bum. I want my money.
We've done a debtor's exam and everything else. The judge says nothing can be done. I think he cuts the guy a break being a veteran and everything.What is the name of your state?
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