Can I refinance my title loan with Loanmax?
No Rollovers, Extensions, Etc. A motor vehicle title lender cannot refinance, renew, extend, or rollover your motor vehicle title loan. Failure to Repay: Pay back your motor vehicle title loan! Know when your payments are due and be sure to repay your motor vehicle title loan on time and in full.
Could Lily get a title loan even though she is still paying off her vehicle loan Why or why not?
Is it possible to get a title loan if you still owe on the car? Yes! Even if you still owe on the car, you could qualify for fast financial support through title loans! To start the inquiry process, you just need to get in touch with an agent by calling (855) 277-4847 or using the online inquiry form.
Can you go to jail for selling a car on finance?
In most cases, you cannot go to jail for selling a car on finance. If you sell it illegally it is still a civil matter. However, if you sold the vehicle to defraud an insurance company, you may be subject to a custodial sentence for fraud.
Can you sell a financed car for cash?
Or is it possible to sell a car when you still owe money on it? The simple answer to that last question is yes. But owing payments on a loan will affect the amount of money you get for your car and the amount of work you’ll have to do to collect that money.
Is TitleMax going out of business?
On August 12, 2016, a judge in Nevada ordered over 6,000 TitleMax contracts to be voided. In November 2019, the company announced the closure of all California locations by May 2020.
Can TitleMax repossess your car?
COMPANY OFFICE In order for a lender to repossess, or take back, the property: (1) it must be collateral for the loan and (2) you must have defaulted on your contract. Your rights and the lender’s rights when it comes to default are laid out in the contract you signed and in SC law.
Do I own my car if I’m making payments?
Many lenders possess the title during the entire length of the car loan. Once you pay off the loan, the lender removes its name from the title. You then receive a copy of the title. Even if you have the certificate of title, you might not own the vehicle outright.
Can speedy cash repo my car?
Since Speedy Cash will have a lien on your car, we have the right to repossess your vehicle if you default on your loan. If you won’t be able to make a payment, let us know as soon as possible by stopping by a store or calling us at 1-888-333-1360.