0
No. The loan company doesn't care if the car is not working, crashed, or doesn't exist. No matter what shape the car is in you still owe the money to them. If you loan/car is less than 3 months old it may come under a "lemon law" if your state has one. This is a law that states if you bought a "lemon" and can prove it you can take it back or trade it. Not all states have these. Check with consumer affairs in your state.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
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.
If you have a bad payday loan can you still receive a car title loan?
yes if you are lucky enough. I guess nationwide car loan executives are very smart enough to give you car title loan even if you are having bad payday loan.
Can a title loan add there name to your registration without you being present or having a signed title?
No. that is illegal. you must be present.
Can you change the name of the title on car without having the loan paid off?
Most likely you would have to officially take over the loan.
You paid your car loan off can you sell it while waiting on the title?
No, you cannot sell a car without a clear, lien free, title. Wait for the clear title or you are asking for problems.
Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
What is 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.
Can one title loan company find out if you already have a title loan?
Yes, they would obviously know about it. When a title loan company offers you a title loan, it will check the car title well in advance. When it checks the title, it will easily come to know about any liens.
If the car title is in your parents name can you still use it to get a car title loan?
No, not legally. ( When you get a car title loan they should issue a new title stating the lienholders company. The title cannot transfer again without satisfaction of the loan). However, I'm sure these loan companies would 'overlook' not having title in your name, issue the loan, then file a lien once you missed a payment. If you can sell the car prior to the paperwork catching up, they would be out, but your credit report would be trash, and you could end up in court or a jail.
Bought a car out of state but loan is with your bank Who receives the title?
The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.
Is there a statute of limitations of a title loan in Alabama?
No, there is no statute of limitations on a title loan in the state of alabama. As long there is a recorded security interest on your car title i.e." Lien" you are obligated to repay your title loan
Can you sell a vehicle if the cosigner refuses to sign off on the loan?
The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.
