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what if i can not pay my title loan in two weeks after it is

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dianes1987



Joined: 23 Sep 2009
dianes1987's page
Posts: 1



41 Magic Points

Subject: what if i can not pay my title loan in two weeks after it is
 
Posted on Wed Sep 23, 2009 7:35 pm  

i can t even pay the refinance fee
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1238



28944 Magic Points

 
Posted on Thu Sep 24, 2009 10:32 am  

Hi dianes,

Opting for title loans has its share of advantages and disadvantages. However, if you have defaulted on the loan then, I believe you can talk to the lender and negotiate the time or the interest rate with him. Give him a clear picture of your situation. Otherwise you might even lose your car to the lender, since he will be legally authorized to take possession of your car and sell it.
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Justin
fireyone



Joined: 26 Feb 2008
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Posts: 4246



96 Magic Points

 
Posted on Thu Sep 24, 2009 6:44 pm  

Diane, The first step is to go to your lender and explain what is going on. Maybe there would be the possibility of incorporating the refinance fees into the loan itself. I would do this as soon as possible befor things get out of hand or it becomes last minute. Good luck.
Chip
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Subject: Title Loan
 
Posted on Wed Apr 07, 2010 4:01 am  

I am in a bad situation. I owe on a title loan but they have no idea where I am. After they look but cannot locate me, will I be pulled over for a stolen vehicle? I intend to pay but they need to give me more time, so I am hiding my car.
Aaron

Aaron

Joined: 08 Feb 2010
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Posts: 2632



48565 Magic Points

Subject: title loan
 
Posted on Wed Apr 07, 2010 4:24 am  

Hi Chip,

If you can't pay of the loan now, you can ask for a "loan modification". You need to send a "loan modification letter" to the lender, mentioning about your current financial crisis. You should also mention that you are willing to pay off the loan. Make a copy of your monthly income and expenditure, and attach a copy of it with the letter. You will get a sample modification letter at http://www.creditmagic.org/letters/loan-modification.html .

Hope this helps.

Regards,

Aaron
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Fred
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Subject: title loan
 
Posted on Tue Aug 16, 2011 12:24 am  

i recently did a title loan. i had NO choice, my credit is kinda bad but i do have a nice car. the payments are retarded high per month. i knew it when i did it, but i HAD to get the money for my daughter right then and there. any suggestions? i am considering filing bankruptcy , what do you think about that?
crorkz
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Subject: sFdMxuVmiiXwKOb
 
Posted on Tue Aug 05, 2014 6:05 am  

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