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Can a title loan repo your car?

I took out a title loan because I had to get an emergency root canal and didn't have dental insurance. I didn't realize I didn't have paid time off and ended up losing a few days to recover. Because my finances are kind of a house of cards, these disruptions sent the whole thing crashing down. My friend told me to be careful because title loan companies can repossess your car. Can a title loan repo your car?

avatar
Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m sorry things are rough right now, and I hope they get better. It’s true, a title loan company can repo your car. They use your
car title
to secure the loan, meaning that if you don’t keep up your end of the bargain, they get the car.
Know your rights and the laws in your state by checking in with your:
  • Attorney general’s office
  • State consumer protection office
Some states put restrictions on title loans that require lenders to be up front with you about repossession. This can include:
  • Telling you in advance if you’re nearing the point of repossession.
  • Giving you time to gather up personal belongings.
  • Turning over the car yourself.
  • Providing a heads up on when they’ll sell your car.
Not all states require this, though, which means you could lose your personal belongings or your car suddenly even if you’re making partial payments.
Free up room in your budget to make on-time loan payments by saving money on car insurance with
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