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  1. #1
    Join Date
    Jul 2017
    Posts
    1

    Default What to Do if a Title Lender Won't Repossess Your Car

    My question involves collection proceedings in the State of: Texas.

    I have a title loan in Texas and the lender won't pick up the collateral. What are my options?

  2. #2
    Join Date
    Sep 2010
    Posts
    19,901

    Default Re: Title Loan in Texas and Lender Won't Pick Up Collateral what are my options

    Who are you in this story?

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: What to Do if a Title Lender Won't Repossess Your Car

    You can pay off your debt and then sell your car.

  4. #4
    Join Date
    Oct 2014
    Posts
    8,238

    Default Re: What to Do if a Title Lender Won't Repossess Your Car

    Quote Quoting Mr. Knowitall
    View Post
    You can pay off your debt and then sell your car.
    I agree. Another idea would be to contact the lender and see if it will agree to a short sale of the car: it gets all the proceeds from the sale and releases the lien for the buyer. That at least gets you credit towards the loan balance and relieves you of having to pay for the annual registration fees, taxes, and insurance on the car. One thing you can’t do is force the lender to repo the car.

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