Can a title loan company reposses without sending you a notice that you are in default?

Answer 1

Depends on your state. But come on, how old are you? Do you really need someone to hold your hand and walk you through life? When you got the loan they explained to you what your due date was. It is time to grow up and be a big boy or girl and take some responsibility for yourself.

AnswerLike the previous user stated, it really depends on local laws. We repossess all the vehicles for a title loan business and they tend to be the crappiest repos we get. The people rarely live at the address given and are mostly unemployed. I guess that goes to show the quality of people getting title loans for the most part. Where do people go when they have screwed over their bank already to cash checks and get other types of loans?

It all comes down to a civil matter anyhow and repossessors rarely lose when taken to court if they have good lawyers (which we do). If your vehicle is repo'd and you're pi&&ed cause of something like not getting notified then you really need to look at the real issue. You're pi**ed that you have to take a bus and bum rides and are hoping to have some grounds for a law suit. That's all you have in life is mooching off society and making everyones interest rates higher.

Go file bankruptcy for the 5 time this year and get in line like all the other dead beats that don't pay their bills. I'm sure you already have an account down at the local welfare office. Probably get your internet for free too.

First of all to those that responded to this question,you need to grow up. Writing ignorant responses like you just did is pathetic. You have absolutely no idea what goes on in the "real world" and your responses are prejudice and ignorant. Maybe you should do a little bit of research before you attack someone. The FTC is a great place to start regarding this question. Then maybe you should really decide to go back to school. Now in response to the question, it depends on the contract of your loan. Each state has individual usury laws that may limit the interest rates of the loans, which in return would make the null. Also there are Federal statues that the loan companies have to adhere to. Also in most title loan contracts there is a specific amount of days before the contract can be in default and a notice to cure MUST be sent and then a period of 20 days must have lapsed.