What do you do if your finance company contacts you to tell you that you still owe money on a car you have paid off and you have the title for?

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If you have a receipt for the payment and the release papers from the bank I don't see the problem. Have you gone in to talk to the bank. Is the bank still listed as lein holder on the title?

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Tell the bank to prove it. If they can't, forwarn them that you charge $100.00 for a processing fee to provide records that they are unable to maintain. Don't let poorly organized banks cause you any grief for their lack of competence.

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First answer by Jacka1767. Last edit by Bclear. Contributor trust: 1410 [recommend contributor]. Question popularity: 7 [recommend question]

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If you have the title on your car do you stll owe money?  After a car is repossessed and resoldhow much do you owe the finance company?  You paid off your car in 02 just 3 months after you purchased it you were sent the title now the bank you financed through is calling to say you still owe nearly nine grand on it but you have the titl?