YES! They took my friends car ans they can take you to court.
Do you make car title loans
Liens don't expire.
Car title loans are short-term, high-interest loans where borrowers use their vehicle's title as collateral. The lender holds the title until the loan is repaid. Borrowers can typically access a percentage of their car's value. These loans often have steep interest rates and can lead to repossession if not repaid on time.
It is likely that you will avoid many fees by returning the car yourself.
iyear loan on the title of your car
how long could you get behind before they can reposse your car.
It depends...If person A's car (you being person A) is in possession of person B and the title is in Person B's name, then you are outta luck. If the title is still in your name then you can simply take the car. Keep in mind, this is only if there is no written contract or agreement. A verbal agreement is pretty much meaningless.
All title loans come with a contract. It is not likely that you will "get out" of the responsibility of repayment. You borrowed the money, pay it back or lose your car.
If you had a gun and shot the guy not letting you reposse it!
Title loans work easily through TitleMax. All one has to do is apply for a loan by bringing in the title for their car, get approved, get their cash, and then get their title back.
People with no credit history or with bad credit can get a car title loan. Car title loans, also known as "auto title loans", "pink slip loans" or just "title loans", is a fast way to borrow money using a person's vehicle as collateral. The owner of the car is able to get the money he needs and also retain the use of his car while paying off the loan which makes it one possible solution.Some companies even refer to these loans as bad credit personal loans, because they are so suited to people with bad credit or even no credit at all.
Auto cash title loans do not put a lien on your car. What happens is you surrender the title to the loan company and they give you cash. If you fail to pay back the loan, they have the title and are now able to legally come and take your vehicle.