Legal Question in Credit and Debt Law in California

If I took out an auto title loan with my pink slip as collateral, and my engine blew out what are my next steps to resolving the loan?


Asked on 12/13/13, 11:53 am

2 Answers from Attorneys
Kelvin Green The Law Office of Kelvin Green

Pay it... Just because the engine blew does not absolve you of paying the debt...it's secured wit collateral. Fix the car

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Answered on 12/13/13, 10:03 pm
Carl Starrett Law Offices of Carl H. Starrett II

You owe the money regardless of whether or not the car still has any value. Pay the loan and fix the car.

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Answered on 12/14/13, 6:04 am


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