Most lenders will verify the majority of the information on the credit application and pull a credit report on you. As far as finding out, after the loan is done, that you lied on the credit application, there really is nothing that will be done unless you fail to make the payments.
then they take your car and repo it.
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
The estate has to resolve the loan, either through selling the car or returning it to the lender.
Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.
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.
they take your car
Repo.......homo
The creditor reposseses the car, and you take the bus.
Car loan modification is one such option to avoid repossession of your car. So what happens here.... the service provider(loan modifier) studies your loan history and they directly deal with the lender and they modify your car loan .... meaning they help you in Reducing payments and keep your car, boat, SUV or truck.
u eventualy lose your car
You need to make arrangements to pay it off.
You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.