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Yesterday I read an article on this meter and it got me thinking. I've checked around the internet and the info differs. As far as I understand you can't face a lawsuit for not paying off car title loans. The lender only has the power to take possession of your vehicle. But no one tells what happens if the lender cannot get access to the vehicle. For example - if I crash the vehicle, will I face the lawsuit from the insurance company or from the lender in order to cover up the expenses to repair it?
My main plan is to take a car loan right now and invest n a small business. The citation with the pandemic is getting worse with every day and it looks like my current employer will be forced to lay off some people. I need to act in advance. I've also checked this locator https://directloantransfer.com/blog/...loans-near-me/ and there is a bunch of different lenders with different measurements and interest fees. I've never done this before so I'm looking for some quality advice on the subject. Maybe someone even did this before and could share his experience or at least lender name. It would be much appreciated
it does not sound liker he is using the TITLE loan for a car.
A title loan requires having a car with value and clear title to pawn against....
It ASSUMES they'll keep and maintain the car and probably includes language saying so.
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it sounds like it will be used to start a business which is bank fraud .
I didn't see that. But what they might do with the borrowed money shouldn't matter.
A title loan requires having a car and title to pawn against....
It ASSUMES they'll keep and maintain the car and probably includes language saying so.
I didn't see that. But what they might do with the money shouldn't matter.
if it really is a title loan against a car title that exists and is not totaled out i agree .
but somehow i think this title is against a car that is a wreck and not what is being claimed to the bank . .....there are to many missing bits of information here.
i wonder if the car actually has to be inspected first by the lender or they just accept your word the car is in fine shape ?
if it really is a title loan against a car title that exists and is not totaled out i agree .
but somehow i think this title is against a car that is a wreck and not what is being claimed to the bank . .....there are to many missing bits of information here.
i wonder if the car actually has to be inspected first by the lender or they just accept your word the car is in fine shape ?
They'd be stupid if they didn't require some kind of verification ... and I don't think they're stupid.
Fortunately this is not a new fraud idea and legal venues are open to the lender.
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