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The lien holder owns the vehicle and can legally hold the title until the loan agreement is settled or paid in full.

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โˆ™ 2006-08-08 18:25:37
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Q: If you have a charge off or write off on a car loan and the charge off is over 7 years old who owns the title to the car?
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What is the typical term length of a title loan?

The typical term length of a title loan is 3 years.


What is the journal entry to charge-off a loan?

journal entry to write off a loan


How do you write a trade-in authorization letter to get your car title when you pay off your loan?

The dealership should have a trade-in authorization letter so you can get the car title when you pay off your loan. If not, you would just write that you are giving permission to get the title for a trade in.


What is a title loan?

'Title Loan' is a loan you will be getting of having a car loan on your on name.


The bank charged off and never repo'd the vehicle It's 4 years later you want to charge them the 35 dollar a day storage fee for 4 years Will they settle it with just sending you 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.


If there is a charge off on an auto loan and you have the car who does it belong to?

IF there is a LEINHOLDER on ANY title, it belongs to the LEINHOLDER.


If you have a second loan on your mortgage can you refinance on just the primary loan?

Normally you can. You will have to get the Lender on the Second Mortgage to "SUBORDINATE" the loan for you. They may charge a small fee to do so. Your Title company can help you.


Can you get a title loan on a car over 10 years old?

where can I get a title loan in salt lake city Utah if my car is 20 years old but has a new engine, transmission, everything rebuilt, and I have paperwork to prove it.


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.


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.


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.


Can a bank do a Charge off on a boat loan then Repo 3 years later?

no they cant only after 2 years


Can you get the title for charge off on your car?

The short answer is no. A charge off means you didn't finish paying off the loan. A charge off occurs when the the owner of the car fails to make the monthly payments. After 121 days of no activity on an auto loan the bank declares the loan a bad debt and the do a charge off to get that bad debt off of their books. They will never stop trying to collect the bad debt or repossess the collateral. The only way to obtain the title is to get a lien satisfaction letter from the lienor, (bank). The only way to get that letter is to satisfy the lien. So if your loan has been charged off you have to call the bank and see if you can get a payoff quote. Payoff the car get the letter and title


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.


Where can one find more information on a cash title loan?

Title Cash, Cash Title Loan, and Speedy Cash have information about cash title loans. These loans use your car title as collateral for a short term loan.


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 go to jail for title loan?

Can u go to jail for now paid a title loan


Can you get a title loan without vehicle inspection?

Can u get a title loan without a vehicle inspection


What is the cost of a title loan?

The cost of a title loan can vary based on what country or state the title loan is being written in. Be sure to verify pricing at a local level before purchasing.


Can your car be repossessed on a title loan after gone into collections?

Yes, your car can be repossessed if the title loan is in collections. Actually, this is one of the most common ways for a defaulted title loan to be settled.


can the underwriter stipulate who can be on the title when there are two people on the loan?

From what I have read, no, a underwriter cannot stipulate who goes on the title if the loan is in more than one person's name. Normally, both names that are on a loan have to go on the title of the purchase from the loan.


I there someone around that will give a motorcycle title loan ?

“I there someone around that will give a motorcycle title loan ”


If your car is repossessed are you responsible for the balance after they sell your car in Illinois?

You are unless it's a TITLE LOAN, they usually write it off.


Can you take out a loan on a car with no title?

No u have to have a title.


How can you take a cosigner off of a loan without refinancing?

You have the title company write up a "quit-claim deed" for the property. You need to sign it and then the person you want off the loan has to sign it (but they MUST have it notarized), then it can be mailed back to the title company for completion.