I got a title loan on my 95 toyota. last june,. for 900.00 dollars as of today I still owe 1000.00 . I was planning to pay back with my tax return. In aug I got laid-off from work,my tax return had issues because 2007and2006 not been filed took care of that but was only refuned 1000.00 out of 4000.00 for 2010. My question is how can I get out of paying sooo much on a 95 toyota truck, that since the loan is wrecked and not have the same value.
Country relating to Question: United States
State (if USA): Arizona
Just paying loan.
I am afraid that legally what you are asking is "how to I avoid paying a debt I contracted legally to repay," which I am afraid can be done only in some very limited circumstances and requires you to prove somehow they breached the contract or broke the law to give you rights to void the contract. One thing you can do is get your title Loan and have the terms reviewed, since in AZ they cannot charge more than 204% per year on these loans and if they have violated the AZ law or if they are not licensed to operate in AZ, you can use this to invalidate the loan and get out of paying. Aside from this, as it is a secured loan on your vehicle, you can walk away from it and simply give them the truck or you can consider filing bankruptcy if you qualify. This is why I said in the beginning your options are legally very narrow.
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