I am in default on a title loan I have on two vehi

3 Answers

whatever happen to you after you sold the cars to the junkyard??? did the title company file any charges

By opting for a car title loan, you've offered the title of your car as security. The lender will put a lien on the title. The lien is supposed to remain till the loan is paid off. In your case, a lien release will not be issued by the lender till they receive the payment in full. In the case, they may certainly file a lawsuit.

You will be liable for paying off both the loans in full. If you are unable to do so, there are chances that the lender can file a lawsuit against you and get a judgment to garnish your wages.

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