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    jbsfms's Avatar
    jbsfms Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Jul 28, 2008, 07:49 PM
    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.
    slowandeasy's Avatar
    slowandeasy Posts: 353, Reputation: 14
    Full Member
    		  
    #2

    Jul 29, 2008, 12:19 PM
    Hello jb

    Are you on ssd or ssi?
    jbsfms's Avatar
    jbsfms Posts: 5, Reputation: 1
    New Member
    		  
    #3

    Jul 30, 2008, 04:01 PM
    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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