We just did a title loan, and tried to cash the check, was told it was no good. What can we do?

Get Legal Help Today

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

We just did a title loan, and tried to cash the check, was told it was no good. What can we do?

We have an existing loan with New Link Destination
tal Max
in Kennett. We borrowed 576 more
today. They printed us a check, and
when we tried to cash it, it was denied.

Asked on November 17, 2018 under Business Law, Arkansas

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

A loan is a contract: an agreement to provide a sum of money in exchange for you agreeing to repay it (typically with interest) and/or doing other things (like providing title as security). If you did what you were supposed to, the lender is required to honor its obligations--i.e. to provide the loan. If they did not, you could sue them for the loan, based on "breach of contract," to make them lend to you, as well as for any costs (e.g. bank fees) you may have incurred due to the check being dishonored.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

Get Legal Help Today

Find the right lawyer for your legal issue.

secured lock Secured with SHA-256 Encryption