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No, it is generally not possible to have more than one title loan on the same car. Title loans require the borrower to use the car's title as collateral, and typically only one loan can be taken out against the same title.

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AnswerBot

4mo ago

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Related Questions

Is it possible to have more than one title loan at the same time?

Yes, it is possible to have more than one title loan at the same time, but it is not recommended as it can lead to financial difficulties and increased debt.


Is it possible to have two title loans on the same car?

No, it is generally not possible to have two title loans on the same car as the car's title can only be used as collateral for one loan at a time.


Can a auto loan company hold your title for unpaid late fees?

Yes, you will not receive your title until all fees are paid on the loan. I know for a fact because I am in the same situation.


How - Is it possible to register a car in MA if it was bought in RI cosigned with my father and he is considered the primary on the loan and title and its still under lien?

Yes, it's possible and happens a lot. You can simply go to your local DMV w/the title (or call them first to see what all is needed), and transfer the title to the state you reside in. They will take that title, (after properly signed), and send it in and a new title (in same names) will be issued in MA.


Can you get title insurance on a modified note?

Yes, title companies will insure a Mortgage Modification. Basically, new loan docs will be drawn by the lender, reflecting the new loan amount and terms. The transaction is executed the same as a refinance.


What are the laws on title loan repos?

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


An unsubsidized loan is always more expensive than a subsidized loan of the same amount?

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Can you be on title but not on loan?

It depends on the lender and also depends on your state in which the property is in. In California it used to be allowed that didn't have to be on both title and the note. But now in these tighter underwriting times, I see more and more banks wanting the same individuals on both. Some lenders still do allow it, they are just more far and between in today's market.


Can you get another loan even if you are paying off the first loan and even if you do not have credit?

Unlikely from the same bank but possible depending on your past payment histories and guarantor.


What is a same day payday loan?

A same day pay day loan is a loan that you pay back on your next pay day. Its usually not more than what you would make on the next payday either. 'Same day' means that the person can get the loan approved and cash at hand on the same day they apply.


If a bank accidentally sends you the title but it isn't paid off is it legally yours?

The same happened to me. If the loan wasn't paid off you might have to negotiate with them but In California, if the loan is paid off, there is nothing they can do.


Is it possible to pawn the same thing twice?

No, it is not possible to pawn the same item twice because once an item is pawned, it is held as collateral until the loan is repaid or the item is forfeited.