What Happens When You Pay Off Your Car Loan?
Credit Corp
JULY 20, 2020
In most states, your lender notifies the Department of Motor Vehicles—or BMV or other equivalent entity in your state—of the title change. If you don’t get your title a few weeks after paying off your loan, call your lender. You’ll need the title if you ever want to sell your car or use it for collateral when applying for credit.
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