Can a payday loan store boot my car for nonpayment?

Answers:4   |   LastUpdateAt:2012-09-29 12:53:24  

Asked at 2012-09-07 13:30:02
I have a vehicle registration signature loan .. I've been paying for 2 years and the interest is killing me , I can not do it any longer . But the place where I got the loan is saying that it will start the car if you do not pay ... Is this legal ?
Answer1TriciaAnswered at 2012-09-09 17:59:03
Do you really expect anything to happen if you supposedly can not pay ? I think all the services of payday loan should be closed because people can not seem to understand the concept of a payday loan . MedlinePlus Short-term loan - usually a month - fully refundable when you get your next paycheck - so the payday loan MedlinePlus term. Defaulting on a payday loan has the same result as the default on any other loan
Answer2CaesaAnswered at 2012-09-20 14:43:02
In my area , do not start , they reported . It can and will take to recover the money owed , if they consider the car is worth more than the repo rate .
Answer3NeverthatAnswered at 2012-09-21 14:34:02
Of course you can start your car if you do not pay your car loan if the loan guarantee was . They can take possession of your car if your car was put as collateral.
Answer4LisarayeAnswered at 2012-09-29 12:53:24
I'm sure it is. If the cost of car ownership is too high , you are going to have to find a solution , or sell the car .
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