[dougebehrens@comcast.net]

I had taken out a title loan on a vehicle i owned, from a title loan company in idaho, for $1000. as collateral, the company holds on to the title until the loan is paid. however, i had an accident, and the car is not what it was when i took the loan out. does the car still satisfy the loan, even though its wrecked? I will gladly bring it to them if it does. if i had just failed to pay the loan, they would have came and repoed it. so, can i still just let them repo it and forget about it? i know i sound like a deadbeat "A... HOLE", but someday i would like to repay the loan, and get the wrecked car back, but currently, i am not in a position financially to fix the car, or keep paying $300 a month interest on a car i cant drive. i receive $900 a month for my veteran's pension. thanks.

[OhMy]

I had taken out a title loan on a vehicle i owned, from a title loan company in idaho, for $1000. as collateral, the company holds on to the title until the loan is paid. however, i had an accident, and the car is not what it was when i took the loan out. does the car still satisfy the loan, even though its wrecked? I will gladly bring it to them if it does. if i had just failed to pay the loan, they would have came and repoed it. so, can i still just let them repo it and forget about it? i know i sound like a deadbeat "A... HOLE", but someday i would like to repay the loan, and get the wrecked car back, but currently, i am not in a position financially to fix the car, or keep paying $300 a month interest on a car i cant drive. i receive $900 a month for my veteran's pension. thanks.

You needed to have insurance inplace to protect the lender. If you did not, then they can sue you for the amount of the loan. They will not take back a hunk of junk and call it quits.