I have two title loans on one car. The first loan is from a different title loan company but when the I paid off the lien holder of the title (not the first title loan), the finance office sent me the clear title by mistake. I went to the MVD to check on the clear title that I recieved from the finance company and there were no lien against it.....nothing. I immediately took that clear title to another title company because I really was in a financial hardship. They checked the title and it cleared so I got a second loan on it. Recently, when I walked out to the parking at my resident my car was gone!! I got a letter from the 2nd title loan who had the actual title and they"re the one that took the car. What happens now to the first title loan which doesn't have the original title?
Property repossession can happen if you are behind in your payments. Creditors are not required to send notice before they repossess your property or vehicle.
Fraud is a white collar crime in which someone deceives another to secure unlawful or unfair benefits, such as financial or political gain.
by attorney Alan Brinkmeier
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