San Marcos, TX asked in Collections and Banking for Texas

Q: A bank is holding my car title as collateral for a signature loan from 2015

I went to pay my auto loan off and get my title and they told me they won't give it to me because of a signature loan from 2015, it shows as a closed account on equifax and transunion

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2 Lawyer Answers
John Michael Frick
John Michael Frick
Answered
  • Business Law Lawyer
  • Frisco, TX
  • Licensed in Texas

A: You should probably bring proof that you fully paid off the signature loan to your bank. Credit bureau reports probably aren’t enough. You probably need to bring loan statements from the signature loan itself.

John Michael Frick
John Michael Frick
Answered
  • Business Law Lawyer
  • Frisco, TX
  • Licensed in Texas

A: You should bring proof that you fully paid off the signature loan to your bank. Credit bureau reports likely aren’t enough. You probably need to bring loan statements from the signature loan itself.

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