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    elain100200's Avatar
    elain100200 Posts: 3, Reputation: 1
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    #1

    Feb 11, 2010, 02:29 PM
    Lost job behind payment in car title loan what should I do
    I lost my job and I have a car title loan for a while now. I have a 1994 Honda Accord that isn't worth anything. I have fallen behind a payment of 77.00 what should I do
    twinkiedooter's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
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    #2

    Feb 11, 2010, 02:32 PM

    What should you do? If the car still runs and does not need a lot of constant repair at least you have some sort of transportation. I'd somehow cough up the $77 so I could at least have transportation to go look for another job. They will come and get your car as you did after all trade the title for a loan.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Feb 11, 2010, 02:34 PM

    Not paying will not be the answer, if you don't pay, they often take the car and you end up still owing them the money, that they sue you for
    DownUnder's Avatar
    DownUnder Posts: 492, Reputation: 24
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    #4

    Feb 12, 2010, 04:48 PM

    Car title loans are the worst,you will have to come up with the money or they will take your car.Just how much did you borrow against the title?
    elain100200's Avatar
    elain100200 Posts: 3, Reputation: 1
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    #5

    Feb 12, 2010, 05:04 PM
    200
    elain100200's Avatar
    elain100200 Posts: 3, Reputation: 1
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    #6

    Feb 12, 2010, 05:05 PM
    200
    DownUnder's Avatar
    DownUnder Posts: 492, Reputation: 24
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    #7

    Feb 12, 2010, 05:11 PM

    Well your best bet would be to try to pay off the $200.00 I know it may be hard but maybe you get borrow from your family and get out from under these loan sharks and NEVER EVER use them or a payday loan again!
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #8

    Feb 12, 2010, 05:56 PM

    Yes, it does not take long for 200 dollars to become 1000 with late fees, and legal fees
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