What exactly is a Lien on a motor car Title Loan?

What exactly is a Lien on a motor car Title Loan?

We could spot a lien on your own automobile’s name when working with your automobile as security. Liens are put on automobiles which were used as security. A lien is the right to help keep control of home owned by another individual until a debt owed by that person is repaid.

What exactly is a lien for?

The name associated with vehicle which you have is with in your title, however if there is a lien regarding the name, the vehicle name loan lender adds their name to your title to own protection under the law on that car. The great thing with us is the fact that we do not keep your automobile while you’re repaying the mortgage. Rather, we allow you drive it which makes the re payments.