Lindsay VanSomeren is a personal finance writer based out of Kirkland, Washington. Her work has appeared on Business Insider, Credit Karma, LendingTree, and more. Rachel Witkowski is an award-winning ...
A lien on your house or car title is a bad thing. A lien you didn’t even know was there is even worse. There are several types of involuntary liens. The most common is a mechanic’s lien, designed to ...
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How To Buy a Car from Someone with a Loan
If you’re purchasing a used car that was financed and the owner still owes car payments on it, things can be complicated. All loans on a car with a lien must be paid off before the seller can transfer ...
If you’re in the market for a used car and you’ve looked at cars that are being sold by the current owner, you may have run across a car for sale that has a lien. A lien means that someone else, in ...
When financing a vehicle, the lienholder is the bank or company that loaned money for the purchase of the car. The lender holds a lien against the car, giving them the legal right to take possession ...
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