Wronged by a finance company

[Gambria]

A few years ago I had a loan with a finance company and gave them a boat title to use a collateral. Well the loan has been paid off since December and they have not returned my title. I call them all the time and get the run around and they keep giving me different offices for them to call. No one has called and let me know anything and I am sick of calling. They claim that they don't know where the title is and it is really frustrating because they are not communicating with me. What should I do? They have had plenty of time to return my title and they only began to look for it when I called. Is it my responsibility to hunt my title they are supposed to have? Please let me know if you have any suggestions.

 

[Tracey]

Get a replacement title from your state. It will list the company as a lien holder. Send the replacement title to the company (certified return receipt) and instruct them to fill out the release of lien section on the new title and mail it back to you. Send the release title in for a 3rd title, listing you as sole owner.

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This is not legal advice and you are not my client. Double check everything with your own attorney and your state's laws.