Q: I have an outstanding Auto Title Loan in 2007-2008. Original loan was $1,500 which has been paid. Still owe
1000.00 or so. Car hasn't been used in years, really need title, please help!!!
A:
You must not have paid the interest on the loan from what I can understand of your question. You can go to the company and offer them something for the title and they may be willing to take that amount. The title company does not have to accept any amount.
Do not make the offer in writing or the debt may be revived. The statute of limitations appears to have run on this debt and you may be able to bring an action to clear the title since the lien is unenforceable.
You really need to sit down with an attorney to give more information so that a plan of action can be worked out.
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