Latest Posts
Home > Ask The Get Out of Debt Experts > Will Capital One Take Our 12 Year Old Car?

Will Capital One Take Our 12 Year Old Car?

“Dear Steve,

a judge found in favor of capital one that i had to repay 7,000 on 700 that i put on a card years ago. i have a house in both my wifes and my name, a 12 year old vehical in my name and have been unemployed for almost 2 years. today i recieved notice of deposition in aid of execution. it has a court date, and request for 3 years of financial info. i have 5 kids, we are on food stamps, can they take our only mode of transportation?”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Capital One does not want your 12 year old car. You might want to consider ending the suit and debt with bankruptcy. You can click here to find a local bankruptcy attorney. A Chapter 7 bankruptcy will probably only cost $1,500 as opposed to the $7,000 plus interest they want now.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

Will Capital One Take Our 12 Year Old Car?
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

Will Capital One Take Our 12 Year Old Car? by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.