What happens if you dont have a zero balance at a car title loan company by the 12 month period?
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I took a car title loan out on my car at Titlemax in Sept. of 07. I still have about 0 left to pay back! What can I do if I cant pay it all by Sept.? Can I refinance the loan for the amount owed, and turn around and give it back to them? Or do they keep my car???
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ElGrande said:
Whether or not you realize it, you used your car as collateral when you signed onto the loan. They always advertise "keep your car!" in their commercials, but if you default, you lose your car at the end of the term.
Find any way you can to pay this off, quickly.
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0February 21st, 2010 at 5:43 pm -
oklatom said:
If you don’t pay according to the terms of the agreement, they have the right to take, and sell your car to pay off what you owe and the costs of getting, and selling your car. Read the contract you signed with them, it’s all written out.
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0 0February 21st, 2010 at 5:43 pm -
Firebird said:
They’re about to get a free car. Lucky for them.
Here’s the solution: You better pay. Get 4 or 5 jobs if you need to. There are 168 hours in a week, and there are help wanted signs every place of business that I walk into. $400 is not much money.
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0 0February 21st, 2010 at 5:43 pm -
siu said:
If you sign a contract and you did not pay the loan off on time according to the contract, Titlemax have the right to take your car and re-sell it. If they sell the car less than your unpaid balance, you still will be response the different.
If you have a hard time to made the loan payment, suggest you to go and talk to them, most of the time, they will work with you and extend your contract.
Good luck to you !!!!Like or Dislike:
0 0February 21st, 2010 at 5:43 pm -
Crazyboy said:
You really need to pay it off so you can get pink slip from the bank. If you dont pay bank will reprocessing your car and end up paying more money.
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0 0February 21st, 2010 at 5:43 pm -
Me M said:
It’s $400 for Christ’s sake. I’m sure you can come up with the money some how if you really think about it.
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0 0February 21st, 2010 at 5:43 pm
