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-   Bankruptcy & Debt (https://www.askmehelpdesk.com/forumdisplay.php?f=44)
-   -   Debt, fixed income, car value (https://www.askmehelpdesk.com/showthread.php?t=242753)

  • Jul 28, 2008, 07:49 PM
    jbsfms
    debt, fixed income, car value
    Due to a debilitating illness, I lost my income for several years. I now have SSD but have
    a bleak credit history. My problem is I need a new car... am I restricted to finite value of the car... even if it is a gift. Rumor is I cannot own a car worth more than $2500. Is this true? I live in NYS.
  • Jul 29, 2008, 12:19 PM
    slowandeasy
    Hello jb

    Are you on ssd or ssi?
  • Jul 30, 2008, 04:01 PM
    jbsfms
    I am on SSD... with a past history of debts.. including 2 car repo's. I worked at an Ivy league university... and was a member of their credit union... then lost job and had no income for several years. I need a new car as this '96 hundai is on its last cylinder...
    i.e.. Can the credit union take possession of my car if I get one worth more than
    $2500? I

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