Newton Fedorko: I do not think they can because they are not the lien holder. There is a lean on the vehicle from the bank. I called the bank and they said they cannot repo the car. So I am not sure because the payday loan place is telling me they can.
Teodoro Lamond: In my online research, when I research "car registration loans" the results always came back as a "car title loan". So, what you may think you have a registration loan, you really have a title loan with the lender having a 2nd lien on the car. Your question is the 1st one I've ever seen referencing a car registration loan. A registration is not an ownership document, the car title is the ownership document. The registration does not prove who owns the car.
Arlen Decorte: If you put your car up as collateral, and you don't make the payments, I'm not sure why you would think they couldn't repo it...
Stevie Kizziar: For the best answers, search on this site https://shorturl.im/avuPIWow I a! m surprised that a lot of our "top contributors" are the first ones to go at this guy's throat. Shame on you guys. Listen, my advice may not be the best, but here is what I would do based on the information you have given me. First I would find an apartment nearest to your work. Sell the car, you don't have much time, so taking it to a dealership and letting them take it would probably be the best option to make quick change. Do not under any circumstances loan out the title. In the end you will be just paying back almost triple. If this doesn't work, you need to move in with a friend/family. Even if it is just short term until you get back on your feet, you gotta find someone that will help you and help you save money. This way you may still be able to keep the car if you are living with someone. Also, have you thought about applying for a line of credit or perhaps a loan from the bank? I know your credit is bad, but it is worth a shot. You may be able to get something wit! h a high interest, but at least you won't have to sell you car! ....Show more
Andre Winegar: I have had both on a vehicle. The "Title loan"is a lien and, generally, you must have a clean title (no liens) to sell it. A "registration loan" is ALSO a lien on the car. But here's the simple answer: the "title loan" company can repo your vehicle because the have the title as collateral. The "registration loan" company can repo your vehicle as they have your signature on the paperwork and usually ask for you to handover a spare key before they consent to it. Anyone you give a key to can take your car - with or without permission, right?...Show more
Buddy Ardd: That is interesting
Demetrius Coaster: How can they repo a car that isn't yours? The Car belongs to the bank not you or them. A registration loan is a payday loan in disguise.
Hai Biggart: Registration Loans Near Me
Will Camus: 1
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