Cars & Vehicles

What can happen if you don't pay a title loan and you still have the car?

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2014-12-10 19:12:51
2014-12-10 19:12:51

The vehicle can be repossessed.

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It's still your car as long as you pay for it. You are expected to pay impound to get it back.......................but they have the title



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.


you get your items taken away and may have to enter civil litigation for the bank to reclaim the remaining amount if any


I doubt that the title is still valid; but check with your lender before you make loan payments and make sure. They should be holding title in your name with a lien.


Jazzy, they are the same as for other repos. Dont breach the peace and dont get caught.


Don't pay him until the title is in your hands. Also, make sure your bill of sale mentions that YOU don't get the loan, and that it is still his responsibility.


No, you will not be arrested but you are still liable to pay back the loan.


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


yes if you are lucky enough. I guess nationwide car loan executives are very smart enough to give you car title loan even if you are having bad payday loan.


The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.


No. The loan takes the pink slip which you don't have. The bank owns the car until you pay it off and has the pink slip.


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.


A lien on a car title most typically means that money is still owed on the car. When a person takes out a loan on a car a lien is put on the title until the full repayment of the loan.


NO, as long as he co-signed the loan, he is standing good for the payment. They can get a judgment against him and garnishee his wages . Dont let that happen to your Dad.Take Care of Your Business.


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


You can do anything you wish with the car if you have clear title. But in most cases the title has the loan holder's name on it. They have to be paid off before you can dispose of the vehicle. You may not go to jail, but you are still liable for the remainder of the loan.


Typically, a Loan/Mortgage policy cannot be transferred to a new loan as the title coverage is unique to each loan. The mortgage coverage on a loan ends when the loan is paid off and satisfied, that is why new coverage is taken out on the new loan. However, in the case of a Mortgage Modification of an existing loan, the coverage may be extended to cover the existing loan and the new loan amount of the Modification. There would still be title charges for the changes in the Mortgage Modification coverage in most cases.



Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.Absolutely. You still borrowed the funds to purchase the property and you signed a note promising to pay the loan.


No, not legally. ( When you get a car title loan they should issue a new title stating the lienholders company. The title cannot transfer again without satisfaction of the loan). However, I'm sure these loan companies would 'overlook' not having title in your name, issue the loan, then file a lien once you missed a payment. If you can sell the car prior to the paperwork catching up, they would be out, but your credit report would be trash, and you could end up in court or a jail.


Other than Paying off the loan, you DONT. Charge-off is an accounting term to explain why the lender didnt make any profit on the loan. As long as the vehicle is collateral for a loan, you dont get clear title.


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


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.



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