Results will vary. What Is Chapter 7 Bankruptcy & Should I File? 35,057. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations. If there is any money left over, the lender will send you a check. Make sure you understand these costs before you proceed. Can I Get Rid of my Medical Bills in Bankruptcy? A fixed-rate loan from a bank, credit union, or online lender is often less expensive than rolling your title loan over month after month. Here are some other options: Talk to your lender. If the bank has to come take the vehicle, they will report the account as a repossession. The final option is to declare bankruptcy. Consumer Financial Protection Bureau. Your APR will be based on the amount borrowed, the monthly interest rate, the fees you must pay, and the duration of the loan. If you are struggling to make payments on your car loan and want to avoid harming your credit rating with a voluntary surrender or repossession, you have options: Sell the vehicle. To learn more, read why we started Upsolve in 2016, our reviews from past users, and our press coverage from places like the New York Times and Wall Street Journal. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Another way to get rid of your title loan is to replace it with a different loan. Written by Chiara King.Updated November 28, 2021, Car title loans are a quick and easy way to get cash in a hurry by using your vehicles title as collateral. So how do we make money? OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/a\/ac\/Get-a-Title-Back-From-a-Title-Loan-Company-Step-1-Version-2.jpg\/v4-460px-Get-a-Title-Back-From-a-Title-Loan-Company-Step-1-Version-2.jpg","bigUrl":"\/images\/thumb\/a\/ac\/Get-a-Title-Back-From-a-Title-Loan-Company-Step-1-Version-2.jpg\/aid1410081-v4-728px-Get-a-Title-Back-From-a-Title-Loan-Company-Step-1-Version-2.jpg","smallWidth":460,"smallHeight":345,"bigWidth":728,"bigHeight":546,"licensing":"