Car title loan help

Unfortunately when you have put the auto title as collateral for the loan you have secured the loan against the car, meaning that the lender can seize the automobile and resale it to recover the loan. Even in that case you'd still be responsible for repayment if the car is sold for less than the outstanding amount.

You may talk with the lender if they can allow a more convenient payment plan.

Guest did you actually turn your title or registration over to the lender? If you have then the loan is secured with your car as collateral. There are some options you may have in getting your vehicle back without paying another 10k :(

You can call the lender an offer a lumpsum pay off for the title release. Explain that you have paid triple the amount of the loans value and cars value and you are in a rough spot. Let them know you will be unable to make future payments due to the 10k you have already sunk into the contract payments. Please read that contract carfully and ensure the company is licensed to lend in your state by calling your states Attorney General Office. Title loans operate under a different set of laws, so I advise seeking legal aide for further clarification of your contract and terms.

These places are as bad as PDL companies, so you have to be careful in what you sign. Please let us know how it turns out and best of luck!