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The short answer is no. A charge off means you didn't finish paying off the loan. A charge off occurs when the the owner of the car fails to make the monthly payments. After 121 days of no activity on an auto loan the bank declares the loan a bad debt and the do a charge off to get that bad debt off of their books. They will never stop trying to collect the bad debt or repossess the collateral. The only way to obtain the title is to get a lien satisfaction letter from the lienor, (bank). The only way to get that letter is to satisfy the lien. So if your loan has been charged off you have to call the bank and see if you can get a payoff quote. Payoff the car get the letter and title

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13y ago

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Related Questions

Can you sell the car after it is charge off?

If you have a clear title, then you can sell it. I don't know why a finance company would charge the car off and give you the title, but if through some miracle that did happen, then you could sell it.


If you have a charge off or write off on a car loan and the charge off is over 7 years old who owns the title to the car?

The lien holder owns the vehicle and can legally hold the title until the loan agreement is settled or paid in full.


If there is a charge off on an auto loan and you have the car who does it belong to?

IF there is a LEINHOLDER on ANY title, it belongs to the LEINHOLDER.


How much to transfer a car title?

DVLA do not charge for change of title ownership.


Can you get a clear title to sell a car with a charge off car loan?

I don't see how. I'm amazed you still physically have the car. I guess if your finance company is just being nice you could try writing to them and see if they'd send you the title.


How do you get a copy of the title in California?

If you mean car title contract DMV. They will charge a fee.


How do you get your car title from Bank of America?

The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.


Can you sale the car without the loan cosigner's permission?

If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.


How do you get a cosigner off of a car title if the car is paid off?

You cant without the cosigners approval.


How do you know if a used car is under finance?

Ask to see the title of the car... the seller must sign over the title to sell the car. The financing bank will hold the title until a loan is paid off, at which time the title transfers to the owner as proof the car is paid off.


What to do when you sell a car with the title being in pawn?

If you sell a car with a lien on it, which is a title pawn. You must pay the lien off before the car is clear and you can get the title back.


If your car is paid off can you turn in the title for cash?

You can sell it for cash if you have the title.