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A car title seems to be considered a secured loan because it can be used as collateral for whatever type of lending you may need. But checking with the preferred establishment is in your best interest.

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13y ago

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Can a person who holds title to a vehicle have it repossessed from someone driving it as a loaner?

Report it stolen.


Is a car loan considered a secured loan?

Yes, the vehicle itself is considered collateral and the lender remains on the title until the loan agreement is fulfilled.


What happens to the title after a car loan is charged off?

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.


What happens if you have a clean title and loan is secured can finance company still repossess?

Maybe


Where can one get a secured loan?

Most banks will offer secured loans as part of a savings or CD plan. Car/title loans and payday loans are effectively secured loans with the vehicle and the check draft serving as the security.


Is there such a thing as a bad credit secured loan?

Yes. A secured credit card (where you have given the bank issuing the card a deposit in the amount of the credit line) is considered a loan for those with bad credit. However, despite the fees that the lender charges you for the privilege of having a credit card, that loan is risk-free to the bank because (1) you may not go over your credit limit and (2) the deposit will cover that was not paid back through the normal statementing process. As an aside, payday and auto title loans are not considered secured loans.


Can a cosigner take possession of a car if the primary signer is not paying the payments?

Yes. I believe the loaner will contact you with a past due amount, or send you a bill. If this hasn't happened yet, contact the loaner and tell them you want possesion if the car is not being paid for by the buyer. * No. A cosigner has no legal right to a vehicle unless his or her name appears on the title. The cosigner will have to make the payments to keep the vehicle from being reposssesed or have the vehicle refinanced in his or her name with the primary borrower being released from the current agreement, this can only be done if the lender agrees.


How do you Sell a vehicle that you are financing?

If you are financing the sale, you would list your name and address on the title as Lienholder or Secured Party.


What must be done before a boat can be issued a North Carolina certificate of number?

A valid title must be secured for the boat.


How do I get a title to a vehicle that was secured by a loan that was not reaffirmed after bankruptcy?

You don't. You voluntarily surrender the vehicle to the lender, or at least offer the ooprtunity for the lender to secure it. If the lender declines, you get this in writing and ask the lender to surrender the title to you. On the outside chance this occurs, you take the title to the DMV and change the title.


What is audience anticipation?

Audience anticipation is where you keep the audieance waiting for something, for examlple, in the film Ironman, the title comes in at the very end which keeps the audience waiting to find out what the title is, which also keeps their attention throughout the film. Hope this helps.


Does a golf cart have a title the same as a car?

If Yamaha is considered a car title...