What POSSIBLE motivation would the bank have to give you the title? Charging off the loan is their way of letting the investors know that they never expect to get the money back. They consider you a deadbeat and a cheat so it's higly unlikley that they will be doing you any favors.
The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.
You should get a TITLE if the loan was for a vehicle. Prepare? Make sure its paid.
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
no
If you still owe the bank, then the bank should be listed as a lien holder on your car title. In effect, they own the car, not you. If you were using the proceeds of the sale to pay the car off, then you may be ok. Check with your bank. Otherwise, you could be violating the law by selling their collateral. They could sue you and have you charged with a crime.
If there is a loan against the car then the bank is on the title and they own the car, your name would be on the registration but not on the title, so yes they can repo it. If you have the actual title in hand then their is no loan on it and you own the car.
One generally doesn't receive bad credit for getting a bank loan. A bank loan can be denied though, if one has bad credit. Bad credit can occur if one does not pay credit card bills on time.
No
After you pay off a loan, the title is usually sent to you, and leins are dropped. This will vary from instance to instance though. Ask your loaner.
Can I be charged with bank fraud or any other criminal offense for closing an account on a payday loan?
no
You didn't have the title to begin with. The loan company or bank does. So, you didn't loose it, but you may loose the car since it is in default . The loan company/bank owns the car, not you.