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What happens to balance on car title loan when car is stolen?
Danallla
Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.
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∙ 11y ago
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What happens to your title loan if your vehicle is stolen and wrecked?
Since you have a loan you should be required by the lender to have full coverage insurance which will pay you the value of the vehicle. With out insurance you are still responsible for repaying the loan no matter what happens to your vehicle. It is not the lenders fault your car was stolen and wrecked...
Can a title loan company call the car in stolen?
No they can not!
What to do if something is stolen that you still owe on?
Notify your insurance company and file a claim. Failing this, you will pay the balance owed on the loan. The property that secured the loan, that which was stolen, only acts as security for the lender.
Who receives the check when your motorcycle was stolen?
If there was a lien on the motorcycle for a loan used to purchase it the lienholder should receive the check. Any amount over the balance due on the loan should be sent to you. If you owned it outright and are the only person on the title then the check should go to you.
What happens if you haven't paid the remaining balance after the repossession?
"remaining balance" as in what you are behind OR the remaining balance due on the loan??
If you purchase a motorcycle through a delaership and get a loan from a bank then pay off the loan with a balance transfer to your own credit card bc the is less-who gets the title?
You get the title
What happens if you Car title loan in default and car is totaled?
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
What happens to your 401k if you have a loan against it and leave your job?
Typically, you have to pay the entire balance of the loan back.
What happens if I don't repay an auto title loan?
You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.
Can you trade your truck if you pawned title?
Not until you get your title back. Pay off your loan, get your title back, then you're free to do with it what you will. And if you don't pay your loan to get your title back, the pawn broker gets ownership of that vehicle, and will report it stolen if you refuse to turn over your vehicle to them.
What happens to a title loan if the automobile is totaled in an accident?
you pay money
What happens to title loan cars when they are repossessed?
They are sent to an auction and sold.
