Month help: Igot a title loan for 1100.00 and missed a payment. - Help.com



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Igot a title loan for 1100.00 and missed a payment.

De title loans took my car and advised me that I have 20 days to pay 2200.00 or they will sell my car. I paid 9000.00 for my car and on the 19th of this month, they are going to sell my car. I need my car because I am disabled. I have degenerative joint desease and sciatic nerve condition and a pinched nerve in my neck….someone please help me! I can make arrangements to repay you. I dont know what else to do!!!

This open post was written 1 year ago | V/U/S: 489, 7, 6 | Edit Post | Leave a reply | Report Post


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Zirbel offline Verified User (2 years, 9 months) Long Term User Shouts: 4 #
An Undisclosed Location | 1 year ago (2 minutes after post)
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SlightlyUnique offline Verified User (4 years, 9 months) Long Term User Shouts: 1 #
An Undisclosed Location | 1 year ago (45 minutes after post)

Read your contract. There will be a bit in it that says what they can/cannot do.

Then take them to court!

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Dr. Ralph offline Verified User (4 years, 7 months) Long Term User Shouts: 1 #
An Unknown Location | 1 year ago (1 hour, 23 minutes after post)

Title loans are notoriously bad. They are for people who cannot get money anywhere else because they have already ruined their credit. No one is going to take a chance that you will pay them back, you are a horrible risk. You have to learn to spend less or make more somehow. I am sorry.

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Zirbel offline Verified User (2 years, 9 months) Long Term User Shouts: 4 #
An Undisclosed Location | 1 year ago (1 hour, 25 minutes after post)

“Why car title loans are a bad idea”: http://articles.cnn.com/2008-10-08/li…

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The Sherlockian offline Verified User (5 years, 1 month) Long Term User Shouts: 38 #
An Unknown Location | 1 year ago (1 day after post)

This is why title loans are such a lucrative business. You borrowed $1,100. You defaulted and they took your car. If they sell it for $9,000, they will have made $7,900 off you. Not quite fair, is it?

Best thing you can do is take them to small claims court and sue for the difference between your loan and the value of your car. Most small claims courts, however, cannot award more than $5,000 in damages.

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