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They will sue you in court....Win...and garnish any settlements you may be receiving from the government. If they can not garnish any type of payments you receive, they will garnish your tax return, if you get one, or put leins on any property you may own, including other cars, homes, etc. You will be required by law to make monthly payments to the bank, or they have the right to repossess whatever they have a lien on, including that already paid off car, your home, etc.

AnswerALSO: by failing to send the title to the car as agreed when you purchased the car, you are technically guilty of fraud, and you could even be charged in criminal court.
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โˆ™ 2011-09-13 22:02:17
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Q: What can a bank do if you failed to give them the title from a car you purchased then failed to make payments on you then sold the car and kept the money you still owe 8k on it but Iam disabled from?
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What if you have disability insurance and become disabled can they take your car your credit and still ask for money when the disability insurance was purchased to cover that type of event in life?

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If that loan company loaned you money and you used the car as collateral and failed to make payments on time, they can, and will repossess the car.

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A "financed" car is one that is purchased with money that is loaned to you. You then make monthly payments at a certain rate and percentage for a certain number of years and months. The car is owned outright by the one who lent the money.

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