Posts Tagged ‘reviews’
Chicago Used Car Finance
April 27th, 2010
Question: How do I retrieve a lost lien release notice when the Finance Company is out of business?
7 years ago I paid off my car loan and was mailed a lien release notice. I now want to sell that used car but I can not find my lien release.
I found out the company who financed my car is out of business. The company was Premier Finance out of Chicago.
After extensive research I was able to find a phone number and left a very detailed message, they said it would take 30-45 days and it has been almost 2 months and I still have not received a new lien release notice.
Any advise or answers would be greatly appreciated!
Answer: Before a lien release becomes relevant, you would first need the vehicle title. If you have the title and the Finance Company is no longer in business, any potential lien claim should have expired with the lender; and if you have physical possession of your title, it should be all you require.
Otherwise, you will have to contact your state's relevant agency and request a duplicate/replacement title. If, for some reason, a record of lien exists against the vehicle by the now-defunct lender, you may need to swear an affidavit that no further lien exists if, after the vehicle agency does whatever due diligence they perform has yielded no obstacles. You may be required to provide banking and payment records to show that payments were indeed made. That's up to your state.
It's possible that Premier Finance sold its business to another entity. In that case, the Illinois Secretary of State or Department of Professional Regulation may be able to guide you to whatever agency assumed their business and you can then start your hunt all over. In the meantime, I'd simply apply for a replacement title and let the outcome guide me rather than embarking upon an adventure that may begin with another 60 days of unreturned calls.
Best of luck. I hope this helps.
Mike Anderson Chevrolet of Chicago 0% Financing
Posted in 
Tags: 
Atlanta Used Car Finance
July 17th, 2009
Question: Where can i get a car in the Atlanta, GA area with bad credit?
My brother's car broke down. Does anyone know where you can find a car dealership that will sell you a new or used car even if you have bad credit, and allow you to finance it? Thanks.
Answer: Any buy here pay here lot will sell you a lemon. Might I suggest you take the car on a test drive to a mechanic that you trust and have that mechanic give the car the ol' once over. If all else fails Ill sell you a car. I live in Alabama about 2 1/2 hours from ATL. If what you are looking for is basic transportation then I got you covered.
Subaru_of_Gwinnett-Atlanta.flv