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Posted in: Auction FAQ | | Comments (3)
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No, if you paid it with a credit card the bank gives you the lien release with your title.
Comment by bryan l — March 14, 2010 @ 9:01 am
If you paid it off, and the funds were available on your card and the transaction went through, why would they have a reason to repossess the car? If they have the money, there is no action to take the collateral away, as now you own it.
Something is missing in this question.
Comment by My Take on It — March 14, 2010 @ 9:01 am
If you’re in default on your credit card, your creditor could sue you and try to take the car if you don’t have money to pay them back.
Comment by Me — March 14, 2010 @ 9:01 am