Q: Did a title loan with a friend and they ended up stealing my car.
Did a title loan with a friend and they ended up stealing my car.
I did a title loan with a friend of mine of 20 years. I borrowed 2900 with the promise of paying back $3,900 within 21 days. My car is worth $40,000.00. We wrote up a agreement and had a witness sign it on day 20 he showed up with the cops and my car title in his name. After multiple ignored phone calls I finally get in touch with them after they took my car home that day and they told me that if I wanted it back I had to pay back $7,000 but now they will not answer the phone what can I do?
A:
In your situation, it's important to take immediate action. First, review the agreement you made with your friend. This document will be critical in determining your next steps. If the terms have been altered without your consent, or if there's any evidence of deceit or fraud, this can significantly influence your legal position.
You should contact a lawyer as soon as possible. They can help assess the validity of the title transfer and guide you through the process of potentially reclaiming your vehicle. Given the substantial value of the car, professional legal advice is crucial.
It's also advisable to gather any evidence of communication and agreements between you and your friend, including witness statements. This evidence can support your claim in any legal proceedings.
Remember, time is of the essence in such cases. Delaying action can complicate your efforts to rectify the situation. Therefore, act promptly and seek legal guidance to navigate this complex issue.
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