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Vehicle Titles
Repossession
Loans

Can a car be repossessed if the title work has not yet been completed and whose credit would the repo affect?

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Wiki User
2015-07-14 16:09:12
2015-07-14 16:09:12

Yes it can and will effect your credit

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As long as you have a clear title in your name, you can get a Title Loan.

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The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.

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contact the lending institution and offer to make partial payment in exchange for the title.

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The short answer is yes, if you want to keep the car. Otherwise the loan will go into default and it will be repossessed. If you did not sign for the loan, it will not affect your credit.


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