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You're talking about trying to repossess it from the repossessor? Short answer, no. You're committing theft - possibly grand theft, depending on the vehicle's value. But the repo agent coming to repossess your car isn't commiting theft. Double standard? No.
The thing of it is, it is NOT your car - the lienholder is the sole rightful and legitimate owner of the vehicle. The repo man isn't taking your car away - he's reclaiming the lienholder's property after you failed to meet the terms of the finance arrangement.
What else can I help you with?
Can one title loan company find out if you already have a title loan?
Yes, they would obviously know about it. When a title loan company offers you a title loan, it will check the car title well in advance. When it checks the title, it will easily come to know about any liens.
How can you take a cosigner off of a loan without refinancing?
You have the title company write up a "quit-claim deed" for the property. You need to sign it and then the person you want off the loan has to sign it (but they MUST have it notarized), then it can be mailed back to the title company for completion.
Is it legal for a Credit Union to demand payment on a loan you got to purchase a car when they do not have the title for it?
IF you signed a loan with the CU and used the car as collateral, YES IT IS LEGAL. And it is WISE for you to pay.
If you have a loan who keeps the title?
The office who loaned you the money keeps the title until you pay the loan back in full. It's kept for security purposes. If you one day refuse to pay the loan back the office who loaned you the money can keep your car to satisfy the loan.
What is the laws on repo's on title loans?
Almost without exception, once you car has been repo'd the title loan company has to hold the car for a set period of time, allowing you to pay the loan back. If you still have not paid (usually 30 days), the car is sold at auction.
Legal Procedure to get back a personal loan in US?
Get back a personal loan. Is it in default? Contact loan company or debt collection agency and start making payments.
Can one title loan company find out if you already have a title loan?
Yes, they would obviously know about it. When a title loan company offers you a title loan, it will check the car title well in advance. When it checks the title, it will easily come to know about any liens.
Defaulted auto loan and finance company does not want vehicle back how do you get the title?
If you have defaulted on the loan, you must sell the vehicle, pay off the loan you have, receive a lien release on title from the loan company and sign it ovet to the buyer. This is bad situation as most people will not pay for a vehicle with out receiving the title at the time of purchase.
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
How can you take a cosigner off of a loan without refinancing?
You have the title company write up a "quit-claim deed" for the property. You need to sign it and then the person you want off the loan has to sign it (but they MUST have it notarized), then it can be mailed back to the title company for completion.
In Virginia can you trade in a vehicle that has a title loan?
Not without a release from the loan company.
How long does a company have to collect on a reposed car?
As long as it takes to either get the car back or to be paid what is owed. The one who defaulted on the car loan is not the owner ... unless one has the clear title to any vehicle, they are not the legal owner ... registered owner, yes, but not the legal one.
Can a title loan company call the car in stolen?
No they can not!
Can title loan company repossess your car in another state?
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
How do you get out of paying a title loan back?
get a agent
Cosigning for auto loans i am the primary on my sons auto loan he is behind and I have the title but do not know where the car is how can I get it back?
I do not understand how you can be in posession of the title when the vehicle is financed. The vehicle title is alwaysheld by the finance company until all payments are made and the loan balance is paid in full.As for locating the vehicle you will need to talk to your son, or let the finance company repo experts locate it and get it back then.
Does a person who shares the title on a car but who is not on the loan have any legal responsibilities if the car is repossessed?
NONE on the loan.
