Default title loan

[jlynn]

what are my options for getting out of a title loan without having to give back the car? the interest rates are all we have paid on this for months and the loan accrues $9.25 interest daily. can a title loan place take us to court?

[expertlaw]

A car where the creditor has a lien on the title is a secured debt. If you default on a car loan, the lender can repossess the vehicle. You may wish to look into refinancing the loan, or using a lower interest source of funding (such as a home equity line of credit) to pay off the car loan.