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In case you don’t already know, the consequences for not paying your title loan back are that your automobile is going to be repossessed and sold, so it’s very crucial that you do everything that you can to make positive that you use these loans responsibly!
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If the account is quick on funds to cover the check, the borrower may now face a bounced verify fee from their bank in addition to the charges of the loan, and the loan could incur extra costs or an improved interest rate (or both) as a result of the failure to pay.