Overhaulin'

In the state of Idaho,where to look for how,what,etc of defaulting on a Car Title Loan?

Need to know the specifics on the what,how,why,where,etc of if a consumer defaults even once on a Cat Title Loan through "Northwest Title Loan Company".Subjects such as consumer rights,car being took back by company,etc.

Public Comments

1. It will (of course) depend on the terms of the contract you signed. Anytime you take on one of these "last choice" loans, you MUST understand the penalties associated with your signature. If you default on a title loan, you lose your car. That's the consequence of defaulting, and it spells it out in the loan documents. It is also told to you right up front... that's what a "title" loan is all about. You are putting your car up as collateral. "Rights as a consumer"? You don't have many. If you default and they take your car, that's not their fault. That's business. You signed on to this agreement and fully understood this when you signed. Title loans are last-chance loans given to those with bad or no credit. They are loans for high-risk candidates, and the consequences are more concrete as they have your title up front. You cannot mess up and get away with it. They have your title and own the collateral through a lien. Just curious, but what "rights" are you referring to?
2. Read your contract for the first time. These loan companies put lawyers to work so those rights you are asking about are outlined on your paperwork somewhere. Nobody cares about fine print until something goes wrong and a few pen strokes took those rights away. Bummer.