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they would more than likely take your car!!

Repo your car and bad mark on your credit history.

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When do you receive your car title after paying off the loan?

You typically receive your car title after paying off the loan, which can take a few weeks to a few months depending on the lender and state regulations.


What are the potential consequences of paying off a 401k loan early?

Paying off a 401k loan early can lead to potential consequences such as missing out on potential investment growth, incurring early repayment penalties, and losing out on the tax benefits of having the loan.


What are the differences between an open mortgage and a closed mortgage?

An open mortgage allows you to pay off the loan at any time without penalties, while a closed mortgage has restrictions on prepayment and may have penalties for paying off the loan early.


How can you get out of a home loan prepayment penalty?

If this prepayment penalty is written into the contract, no way can you get out of it. Usually, though, the prepayment penalties last about 3 years. At the end of the 3 years, the prepayment penalty will be gone. Also, some companies will forgive the prepayment penalty, if you get your new mortgage through them if you are selling your current house and buying another house. Prepayment penalties are usually for paying off the loan, or paying big amounts back on the loan. Your contact will specify what the prepayment is for.


Should both names be on the property title if you co sign a loan?

If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.

Related Questions

How can you eliminate the interest and penalties on your student loan?

The penalties by paying on time. The interest by paying it off.


How do you get out of paying a title loan back?

get a agent


When do you receive your car title after paying off the loan?

You typically receive your car title after paying off the loan, which can take a few weeks to a few months depending on the lender and state regulations.


Can co borrower gain possession of a vehicle from primary borrower?

Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.


Do you have to continue paying a car loan if you receive a clean title with no lien holders?

no


What are the potential consequences of paying off a 401k loan early?

Paying off a 401k loan early can lead to potential consequences such as missing out on potential investment growth, incurring early repayment penalties, and losing out on the tax benefits of having the loan.


Do dealerships accept a trade in that has a title loan?

Yes, they will and they will add that to what you are paying for the new car


What are the differences between an open mortgage and a closed mortgage?

An open mortgage allows you to pay off the loan at any time without penalties, while a closed mortgage has restrictions on prepayment and may have penalties for paying off the loan early.


What should you do when the lien holder sent you a clear title and you still owe on the vehicle?

Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.


When getting an auto loan, is the title different in California than paying cash for a car?

Yes, taking out an auto loan means that there is a lienholder on the title of the vehicle. Once the loan is paid off, the lienholder is removed and it is owned free and clear.


How do you get a clear title after you get done paying a car loan off?

Get a lien release from the lender and take it to the DMV.


If there are two owners on a auto title and only one signs for a auto title loan and dies is the other person responsible for paying balance of loan?

The short answer is yes, if you want to keep the car. Otherwise the loan will go into default and it will be repossessed. If you did not sign for the loan, it will not affect your credit.