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Can a business sell my title loan i had with them if they…

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Can a business sell my...
Can a business sell my title loan i had with them if they close down?
Submitted: 8 months ago.Category: Consumer Protection Law
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Answered in 1 minute by:
12/17/2017
Consumer Protection Lawyer: WiseOwl58, Lawyer replied 8 months ago
WiseOwl58
WiseOwl58, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 4,595
Experience: Consumer Protection Expert and Advocate
Verified

Under Georgia law, it depends if the title loan agreement says it is assignable by the lender or not. If it does not say assignable, then they cannot sell it to a third party.

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Customer reply replied 8 months ago
I read my paperwork and i dont see it anywhere. I have a title loan with a company but they closed without contacting me. Another company called me and left a message for me to come in and sign their papers and they want to take pics of my car. They stated they purchased my account and need my signature and pics. Im not sure why the other company didnt notify its customers. I did go by their office just to check and a sign was on the door to call the other company. Im not sure what to do. Especially when it come s to me signing papers
Customer reply replied 8 months ago
What would you advise?
Customer reply replied 8 months ago
Are u asking for 269 to answer this because that's all the info i have. I dont have anymore to provide do 269 wouldn't make since for me to say what i already typed
Consumer Protection Lawyer: Phillips Esq., Attorney-at-Law replied 8 months ago
Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Consumer Protection Law
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Hello: This isCustomer Welcome to Justanswer! I will be further assisting you with your post.

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Consumer Protection Lawyer: Phillips Esq., Attorney-at-Law replied 8 months ago

Your Questions:

Can a business sell my title loan i had with them if they close down?

Response 1: Yes. However, the business should have informed you of this transfer and the contact information of the new lender. In any event, the transfer to the new lender is still valid.

Another company called me and left a message for me to come in and sign their papers and they want to take pics of my car. They stated they purchased my account and need my signature and pics. Im not sure why the other company didnt notify its customers. I did go by their office just to check and a sign was on the door to call the other company. Im not sure what to do. Especially when it come s to me signing papers

Response 2: You should never sign such documents without thoroughly reviewing them or having an Attorney review them for you.

Best wishes,

A positive rating to my response is appreciated so that I can receive credit for responding to your post. There is no additional cost to you for giving a positive rating.

Thank you for your cooperation.

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Customer reply replied 8 months ago
I'm more confused now because yall gave me 2 diff answers. The other atty said my agreement in ga must state the loan is assignable.
Consumer Protection Lawyer: Phillips Esq., Attorney-at-Law replied 8 months ago

I stand by my response to you based on the information that you have provided.

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