Q: Creditor says and account shows, my car was paid in full… after 8 payments, but paid by the dealership due to fraud
I have been making payments to the creditor bank (not dealership in-house financing), and that bank just informed me that the car paid-in-full (as does my account statement), and they said it was due to some fraud on the dealerships side. The dealership has paid off that debt. Does this put me in a state of owning the vehicle outright now or am I obligated to pay the dealership directly now? The loan was not “sold”, the debt was paid-in-full.
A:
It sounds like the dealership may have committed fraud by fraudulently obtaining financing for the car. As a result, the creditor bank has paid off the debt, and you are now the vehicle owner outright. You are not obligated to pay the dealership anything further.
If you are concerned about the validity of the title, you can contact the Nevada Department of Motor Vehicles (DMV) to verify that you are listed as the vehicle's owner.
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