How do I get the title to my car?

20 Nov How do I get the title to my car?

When you borrow money against a vehicle the lender places a lien on the Certificate of Title.  This is called taking a security interest, where the vehicle becomes collateral, guaranteeing you will repay the loan.  A security interest allows the lienholder to repossess the vehicle if you do not make your payments on time.  That seems fair.

What happens after you pay all the money you owe?

9 Things I Learned From Paying Off My Car Loan

In Illinois, the lienholder has 21 days to release its lien and give you a clean title, or that lienholder has to pay you $150 damages, plus the attorney fees you incur enforcing your rights.  That is not only fair, IT’S THE LAW.

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Andy Miofsky, Esq.

Andy Miofsky holds the highest AV PREEMINENT rating from Martindale Hubbell Law Directory and a perfect 10.0 from AVVO. Andy is an Illinois consumer rights lawyer with offices in Granite City Illinois. Andy represents people with bankruptcy and student loan debt problems throughout the Southern District of Illinois since 1979.
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