I took out a car title loan about a month ago, but I don’t think I will be able to make the payment this month. Can the title loan company repossess my car?
Reviewed by Shannon Martin, Licensed Insurance Agent.
Title loans can be difficult and stressful to pay back, and unfortunately, if you do not meet the terms of the agreement, the loan company can repossess your vehicle.
Title loans are challenging to pay back, often due to high
(APR), so if you do not think you can pay the loan back, you should contact the lender and ask if your balance can transfer over into a new term or if you can
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