Vehicle Titles
Repossession
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If your car was repossessed and you paid the loan off do you get the title?

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2007-05-02 17:03:12
2007-05-02 17:03:12
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
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Related Questions


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.

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As long as you have a clear title in your name, you can get a Title Loan.

As long as there is a security interest in your car, YES, it can be repoed if the loan is not paid. Just think how many people would buy cars today if your situation happened everyday.

IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.

The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.

Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.

Yes a vehicle can be repossessed if the loan is not being paid on.

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Loan paid off. Car totaled need title for insurance companyl

You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.

Yes, if you don't comply with the terms of the lending agreement.

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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)

The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.

If the car is paid off, you can probably get the title at the Department of Motor Vehicles. If the car is not paid off, the bank that holds your loan holds the title until the loan is satisfied.

Yes it's their car you signed a lease they don't need a title to repossess their car. Title or no title they look up that information and have it mark on that title that the car was repossessed

As long as the loan for the unit is paid each month, the collateral will never be repo'd.

Who ever signed the pay day loan contract owes the money. You bought the car for the friend so the title should have your name on it until such time as you have been paid for the car and you sign over the title to the person buying it from you.

Yes, and you will have to use the proceeds to pay off the loan. If you can't sell the car for enough to cover the loan, however, you will not get a title. No one should accept a car without a title.

You need to have the title transferred to your own name and notify the loan company of the change in ownership. Then you will need to pay the balance of the loan or renegotiate the loan with the bank. If you don't pay the loan the car will be repossessed.


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