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My Car Lender Sent Me My Clear Title By Mistake. – Phil

“Dear Steve,

I lost my job a year ago and can’t afford a large car payment. Strangely, a few years ago, I received the pink slip in the mail for the car, showing no leinholder on title. I still owe 9k on the car, but with the 20% interest rate have paid substantially on this vehicle over the years.

Can the finance company reposess my car if they are not on title as a leinholder? Just wondering if possession is nine tenths of the law in this situation.


Dear Phil,

The issue here is that you can’t benefit from ill gotten gains. I’m not sure if the lender can reposes your car but they could sure sue you if you fail to pay the loan. They may also attempt to place the lien back against the vehicle once they realize their mistake.

There really isn’t any advantage her for you to try to be crafty or sneaky. it is obviously a mistake.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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