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you get your items taken away and may have to enter civil litigation for the bank to reclaim the remaining amount if any
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∙ 14y ago
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What happen when you have a title loan and the car gets booted?
It's still your car as long as you pay for it. You are expected to pay impound to get it back.......................but they have the title
How do you get out of paying a title loan back?
get a agent
Can you trade your truck if you pawned title?
Not until you get your title back. Pay off your loan, get your title back, then you're free to do with it what you will. And if you don't pay your loan to get your title back, the pawn broker gets ownership of that vehicle, and will report it stolen if you refuse to turn over your vehicle to them.
What can happen if you don't pay a title loan and you still have the car?
The vehicle can be repossessed.
What are the laws on title loan repos?
Jazzy, they are the same as for other repos. Dont breach the peace and dont get caught.
How do you get your car title from Bank of America?
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
If you have a loan who keeps the title?
The office who loaned you the money keeps the title until you pay the loan back in full. It's kept for security purposes. If you one day refuse to pay the loan back the office who loaned you the money can keep your car to satisfy the loan.
Can you be arrested for owing a title LOAN anD longer have the car?
No, you will not be arrested but you are still liable to pay back the loan.
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
What are the disadvantages of car title loans?
There are a few disadvantages to a car title loan including high interest rates. Loss of equity in the event of default and a short period of time to pay back the loan are also drawbacks to a car title loan.
What is a title loan?
A title loan is also known as car title loan. It is a type of secured loan where you can use your vehicle title as collateral to get the funds you need. When you borrow with your car title, you allow the lender to place a lien on the title of your car, SUV, RV, truck, or motorcycle in exchange for a loan amount. This loan don't rely on your credit score.
what is the maximum amount of money i can request for a title loan ?
Usually a title loan is based on the current market price of the vehicle. Usually 25% of the price is what you can get a title loan for. Before you sign anything make sure you take the time and read all the small print and ask lots of questions. Some Title loan places will have you pay back 2 or 3 times what the original loan was for. Be careful.
