by cajun0305 » Mon Jan 07, 2013 08:45 pm
I just wrecked my car and is determined to be totaled, however I have a defaulted title loan from 2 years ago, therefore there is a lien on the title. I plan on filing for bankruptcy in a month. Do I have weight to contact the title loan company and offer to settle on a certain amount so they don't get all of the claim?
Posted: Tue Jan 08, 2013 02:03 am Post Subject:
If the insurance company is going to take possession of the vehicle they will want a clean title so you may want to contact the lien holder as you mentioned.
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