Legal Question in Civil Rights Law in Texas

If you owe a car note and the finance company wants to settle for a lesser amount do you still get the title of the vechile with no strings?


Asked on 8/27/10, 1:52 pm

1 Answer from Attorneys
Mark Dunn Mark D. Dunn

Yes, if you make that part of the agreement. Get into the habit of writing letters (after the phone call is finished): "Dear Finance Company, It is my understanding that we have agreed to settle my debt (the car note for teh 1999 Ford F150) for $1,500.00, and that when I pay this, you will give me a clear title and will remove your lien."

WRITE LETTERS. Don't rely on promises made over the phone; you're going to be lied to.

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Answered on 9/02/10, 3:34 pm


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