Posts Tagged ‘Title Loan’
We got a title loan over 2 yrs ago but the amount was small enough that they didn’t require us to have?
PleaseHelp!Thanks asked:
the loan company added as a lien holder. They also didn’t require us to add them to our auto insurance policy. We then filed bankruptcy (which was discharged over 2 yrs ago now.) In the bankruptcy we chose to surrender the vehicle. (The loan was for $1700). The title loan company (an online cash advance kind of place) never would pick up the vehicle. They never even responded to the formal notices. I believe they are located 1000 miles away. Anyway, the vehicle has been sitting ever since. We aren’t carrying insurance on it. It’s no longer current with registration or inspection. We’ve been afraid to drive it, fearing if we ever got pulled over it might show up as not belonging to us then what would we do? Can someone please tell us what we should do with the vehicle? We assume we can’t legally get rid of it but should we pay to update insurance, reg, inspection, repairs, etc? We don’t even know who shows up on the title or how to find out.
the loan company added as a lien holder. They also didn’t require us to add them to our auto insurance policy. We then filed bankruptcy (which was discharged over 2 yrs ago now.) In the bankruptcy we chose to surrender the vehicle. (The loan was for $1700). The title loan company (an online cash advance kind of place) never would pick up the vehicle. They never even responded to the formal notices. I believe they are located 1000 miles away. Anyway, the vehicle has been sitting ever since. We aren’t carrying insurance on it. It’s no longer current with registration or inspection. We’ve been afraid to drive it, fearing if we ever got pulled over it might show up as not belonging to us then what would we do? Can someone please tell us what we should do with the vehicle? We assume we can’t legally get rid of it but should we pay to update insurance, reg, inspection, repairs, etc? We don’t even know who shows up on the title or how to find out.
Posted in Insurance Registration | 
Tags: Bankruptcy, Insurance, Lien Holder, Loan Company, Title Loan | 
3 Comments »
do most loan companies make settlement offer?
lusciousbrown asked:
I got a title loan on my car months ago now the car is broken, the loan company doesnt want the car but i dont have the money to pay them back and i want to settle so my credit want get ruined. has anyone ever did a settlement on a loan?
p.s.- they keep adding interest on a car thats not working and i feel they shouldnt add 300percent interest on a loan.
I got a title loan on my car months ago now the car is broken, the loan company doesnt want the car but i dont have the money to pay them back and i want to settle so my credit want get ruined. has anyone ever did a settlement on a loan?
p.s.- they keep adding interest on a car thats not working and i feel they shouldnt add 300percent interest on a loan.