I secured a loan with a vehicle, however due to an error at the bank I was allowed to keep my title. The title shows me as the owner, with no liens. I have fallen two months behind on my payments, and now the company is trying to get me to add them as a lienholder, or relinquish my title. Can they reposess my car while I am holding the no lienholder title? The car is worth very little money - will they go to the trouble to do so? I don't owe much left on the loan. Thanks.
Look
http://www.issplist.com
it's not a matter of how much the car is worth - it's a matter of weather or not you want your credit to go down the toilet because of something dumb.
if they screwed up, it's there problem. they cannot take your car. only thing they can do is take you to court and get a judgement filed against you, and maybe garnish your wages. what ever you do, do not put them on your title as a lienholder. they have no legal right to do that now.
The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.
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