The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.
You should get a TITLE if the loan was for a vehicle. Prepare? Make sure its paid.
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 still owe the bank, then the bank should be listed as a lien holder on your car title. In effect, they own the car, not you. If you were using the proceeds of the sale to pay the car off, then you may be ok. Check with your bank. Otherwise, you could be violating the law by selling their collateral. They could sue you and have you charged with a crime.
If there is a loan against the car then the bank is on the title and they own the car, your name would be on the registration but not on the title, so yes they can repo it. If you have the actual title in hand then their is no loan on it and you own the car.
One generally doesn't receive bad credit for getting a bank loan. A bank loan can be denied though, if one has bad credit. Bad credit can occur if one does not pay credit card bills on time.
Can I be charged with bank fraud or any other criminal offense for closing an account on a payday loan?
After you pay off a loan, the title is usually sent to you, and leins are dropped. This will vary from instance to instance though. Ask your loaner.
You didn't have the title to begin with. The loan company or bank does. So, you didn't loose it, but you may loose the car since it is in default . The loan company/bank owns the car, not you.
The estate is responsible for the loan. If it is not paid the bank will take the property.
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.
The simple answer is no. You must be employed to receive a loan from a bank as otherwise they have no proof that you will pay it back. Hope this helps.
The duties of the loan department of a bank are: a. Receive loan applications from customers b. Process and evaluate loan applications c. Approve/Reject loans d. Plan monthly repayments for loans and intimate the customers e. Receive monthly loan repayments and consolidate them f. Identify potential loan customers and service them
It will show on your credit report where your bank loan was "Charged Off". This means the bank wrote off the money and gave up on collecting it. However they can sell that debt to a collection agency to try and collect it. It will show on your credit report for 7 years.
If it's just lost, you can ask for a replacment. If a bank is holding the title as security for the loan, you'll have to work that out with the bank.
yes, because in OD LIMIT interest is charged on closing balance means on that we have used and no fixation of installments. But in case of LOAN interest is charged on the whole amt of loan and repayment of loan periodically is an extra complication.
You may be able to receive an auto loan through a bank or savings. The government may not provide you with an auto loan.
No. You don't get the title to your car until any loans against it are paid in full. <><><> In several states, you will get a title document- but it will show the loan company or bank as a lienholder. That title cannot be transferred to someone else until the lien is satisfied (loan paid off)
Most banks or independent title loan companies will NOT give you an AUTO loan or consider the car as collateral on a Salvage title car. Some dealerships have been know to sell salvage title vehicles and submit the title for a loan, unbeknownst the bank or the vehicle's owner. This is not illegal in some states. Always ask to see the title when purchasing a used car from an unknown dealership.
You get the title
Pay off the loan. Ypu may even take out a new loan in your name, and use that money to pay off your father's loan and get the title.
They charged off the the loan on the vehicle as a bad debt. They did not actually own the vehicle, you cannot charge anyone storage fees for defaulting on a loan. They will only send you the title when you settle the debt. If at all.