What to Do If Car Repossessed After Title Loan?

Daniel Joelson

Daniel Joelson

Total Posts: 579

Published Date: December 21, 2021

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

Repossessed After A Title Loan

Are you worried about car repossession? What to do if the car is repossessed after the title loan is in default? You can contact us, and we will help you get a new title loan process, so you will not be repossessed again.

It is best to talk to your title loan company or your title loan lender to see if there are ways to work out the rest of your payments without losing your car.

Or you can refinance your loan with a new lender through a title loan buyout. We are here to help you get out of the current title that you are in, and get you into a better title loan.

This article was brought to you by TFC Title Loans, we try to bring to you the most informative information. If you are interested in getting a title loan in your area, we are able to help you with our large referral network.

All of our referral partners are in compliance with the CFPB.

What to do if the car is repossessed?

If you are currently searching google on what to do if the car is repossessed with a title loan, then you are probably a bit worried at the moment.

This might be an extremely stressful time for you and our top priority on this resource page is to help you feel more at ease.

How Long Before Title Loan Repossession?

This will really depend on the lender to lender, but if there I no communication, between you and the company, they will assume the worst and could assign your car repossession after 30 days.

If you have a brand new title loan, and all of your phone numbers are disconnected,  and there is no communication, then the company can assign your vehicle for repossession after 15 days.

Communication is vital to prevent your title loan repossession, if you let the company what your intentions are, and how you will make your car title loan payment, then this will prevent the repo.

How to Stop Title loan Repossession?

At TFC Title Loans, we like to give hope in tough situations like those of defaulting or repossession. We will help you get the max title loan, so you can get your vehicle back.

We have seen thousands of customers through their title loans successfully over the past 25 years. But, of course, we have had clients who struggled; struggled even to the point of default or repossession.

There are loan repossession laws, and all lenders will follow them, but the reality is, that no lender wants to repo any vehicle, they would all much rather you make your monthly payments.

Max Title Loan Repossession Law Guidelines

We have learned extensively through those experiences so we can make the occurrences as few and far between as possible.

Additionally, we have used that experience to imagine new ways to reverse the effects of defaulting and repossession.

We focus on keeping an open line of communication with our clients and strongly believe that it is never too late to turn a bad situation around.

Car Repossession Policy

Here, at TFC Title Loans, we believe we have a responsibility to all of our clients. We will help you get a title loan that is close to you to get you money. We never like to do car repossession, we want you to keep your car.

A responsibility that demands we assist them throughout the entire lending process by giving them strategies, helpful tools, and alternative options if they are struggling to pay off their loan or have already defaulted.

In this informational how it works page, we will explicate all the options and/or steps you must take when you want to know what to do if the car is repossessed after the title loan.

Repossession Max Title Loan Process

Ever since we first opened our doors in 1994, we have stuck by our principles of friendly customer service and lender transparency.

This company culture has drawn thousands of customers to obtain online title loans from us or seek out our assistance when they need help.

If you have been repossessed by another company, call us, we will help you to get out of your current situation and get you into a new loan, that will fit within your monthly budget.

Consumer education is the top priority for us which is why we long to help in any way we can as you are struggling through the repossession of your title loan.

Here is some more information on repossessions.

 

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A Repossession

After a default has occurred, the borrower may still be able to cover what they owe the lender if they can get enough money in time.

The auction price, can on occasion, yield more or fewer funds than those demanded by the loan balance.

If the auction price is less than the loan balance, the borrower will need to make up the difference.

On the other hand, if the auction price is higher than the loan balance the lender will be required to return those additional funds to the borrower whose car was repossessed.

Car Repossession as Last Resort

At TFC Title Loans, we work very hard to ensure that repossession is the absolute last resort if you are wondering what to do if the car is repossessed after the title loan.

We emphasize an open line of communication with our customers to create an atmosphere of trust so they can come to us when they are struggling.

That way we can prevent any problems from growing into real issues.

Now that you have a better hold on what to do if the car is repossessed after the title loan, we hope you feel more at ease.

We Can Avoid Car Repossession

If you have any remaining questions regarding the matter of car repossession, then please give us a call today.

We have understanding customer representatives who can talk you through this trying time.

However, if you do not currently have a title loan or would be interested in refinancing your current title loan with TFC Title Loans, then fill out our simple and quick online application today.

 

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Disclosures

DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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