member profile picture

Posts: 1873
Credits: 20253.45
[Donate]

Any insight into registration loans?
Ace
1 Stop
Speedy
no longer have vehicle




I saw your PM but I'm going to answer you here.

If you don't have the vehicle, you're in pretty good shape.

I would simply contact them and tell them you've closed your account and you can't pay them right now. Tell them you're happy to set up a payment arrangement and then set it up on your terms.

The worst they can do right now is send you to collections. These are smaller amounts, right?

I would just pay them when you can.

Sub: #1 posted on Thu, 09/27/2012 - 19:18

OhioGal1 OhioGal1
Moderators Cum Industry Expert
(Posts: 5254 | Credits: 830.38)

$1500 each maybe.... They can't attach to another vehicle right only the one on the paperwork?

Sub: #2 posted on Thu, 09/27/2012 - 19:53

HelpinAZ HelpinAZ
Moderators
(Posts: 1873 | Credits: 288.09)

No. They can't do anything other than send you to collections or sue you.

Offer them a payment plan you can afford and then stick to it.

Sub: #3 posted on Thu, 09/27/2012 - 21:09

OhioGal1 OhioGal1
Moderators Cum Industry Expert
(Posts: 5254 | Credits: 830.38)

Any chance you think they can arrest me for fraud, since I no longer have the vehicle in question? I had it when I started the loan, maybe not for all the rollovers or redo's but hey they had the registration all they had to do was check it..I can guarantee that they have made way more on the loan than they originally loaned me... I haven't done the math yet, I am dreading that figure --- that will make me feel really stupid, I am sure it would have been enough to buy at least a used car.... LOL

Sub: #4 posted on Fri, 09/28/2012 - 02:59

HelpinAZ HelpinAZ
Moderators
(Posts: 1873 | Credits: 288.09)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 4.871 seconds.