Debt Consolidation Forums Getting a loan or mortgage and avoid foreclosure

How can you get a title loan when you dont own the car?


Sub: How can you get a title loan when you dont own the car?
Tue, 06/26/2012 - 12:24


I live in Arizona, PDLs are no longer legal so they switched to title/registration loans. I am confused as to how they can make a title loan on those that do not have a clear title?
I have called and asked my registration loan company how this works and they can't or won't give me an answer. I am told by my BK lawyer that because it is secured with my car title that I can't put the loans in my BK, but the amount I have to pay each month can't be figured into the means test, so they show that I have more money than I actually do.
I just want out of this cycle without losing my car. What would be the best course of action at this point.



Insanity is repeating the same thing and expecting a different outcome.

OhioGal1
majorbrownsfan@yahoo.com


Debt Samaritan
Posts: 5223
Credits: 71531.416580171 Send message to OhioGal1
Sub: #1 They're likely giving you a loan based on your equity in the carTue, 06/26/2012 - 12:22


They're likely giving you a loan based on your equity in the car. Are they holding your title or adding themselves as a lienholder?


How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.

SOAPLADY
LYNNINMN@AOL.COM


Debt Samaritan
Posts: 16538
Credits: 289061.59415937 Send message to SOAPLADY
Sub: #2 From what I was just reading, you are stuck with them. Wait forTue, 06/26/2012 - 12:24


From what I was just reading, you are stuck with them. Wait for our bankruptcy expert to chime in.


How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html

Add new comment

CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.


* Disclosures:
Page loaded in 0.433 seconds.