Overhaulin'

this question is about title loans just say your still paying your bill what if you got rid of the car?

the car is no longer running and it had to be moved off of a property that does not allow two vehichles can you get in trouble with the loan company and there still holding the title

Public Comments

1. Not if you keep paying on the note. If you default, then, yes, thay could actually take anything of yours that has value. Read the contract on your note. You signed away your soul when you took out that title loan
2. if they have a lien on the title you can not get rid of the car until they sign off on the title other wise you will be in trouble with the state ... but if they don't have lien wrote on the title as long as you pay off the loan they will never know ... if there is a lien on the title go talk to your loan company and tell them why you have to get rid of it they might give you a personal loan for the balance of the loan or they can transfer the loan over to your other car...
3. Title Loan means just that. They are in possession of your title or a contract that gives them ownership of the car. If you default on the loan, you will need to turn over the car. It's called fraud. You cannot get rid of the car legally without a title.
4. I assume that the loan co. has your title. You can't properly dispose/sell without the title and noone else can register it while loan co. still hold lein on title. As long as you pay them, there should be no trouble.