Legal Question in Credit and Debt Law in California

A few years ago I took out a debt consolidation loan with American General using my auto as security. They did not take the pink slip for my car and I remained the title/lien holder. A year or so later I refinanced that loan with HSBC. A couple years after that I filed bankruptcy but chose to keep my car. I continued making payments on the loan. I have since lost my job and have been unemployed for a year and have fallen behind on my loan payments. The company that took over my loan is trying to repo my car. I do not deny that I owe on the loan but am unable to pay currently. Can they repo my car if I am still the title/lien holder?


Asked on 5/11/11, 4:21 pm

1 Answer from Attorneys
Carl Starrett Law Offices of Carl H. Starrett II

Even though the lien might not have been perfected yet, they can still repo the vehicle for nonpayment. They could actually file the corrective paperwork with the DMV right now to correct this error.

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Answered on 5/14/11, 9:05 am


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