Robert
Irvine,#2Consumer Comment
Sat, December 10, 2011
If your lawyer is taking any money from you I wonder how long it will be before you write a RipOff report on them. Because if they are telling you that you have any chance to prevail in any lawsuit they are just stringing you along to get more money out of you.
First of all Title Loans are one step below Payday loans. Because they not only have the outrageous Interest rates that a Payday loan does, but if you don't pay they can Repossess the car. So while you may not like how much you have had to pay, you are the one who agreed to it when they loaned you the money.
But just like a regular car loan it doesn't matter if you have the car or not, you still owe the money on the loan. So it doesn't matter if the car is working or not..you are still responsible to make the payments. If you do not make the payments they have the right to repossess the car.
However, IF they are unable to obtain the car they can go through the courts and get a court order for you to hand over the car. Now, this court order will be delivered by the local Sheriff. Where you have a choice of turning over the car or getting arrested.
As for any lawsuits. The only lawsuit that you are going to be involved in is as a defendant when they sue you for the balance of the loan.