Can a lien from a credit card company on your home result in you having to sell your home?
Can someone put a lien on a bank account?
How do I find out if my vehicle has a fed tax lien on it?
How do I remove a lien from a property?
How do you get the lien holder's name off a car lien?
How do you removed a lien on a vehicle if the lienholder has gone out of business?
When can a homeowners association put a lien on a home?
It means that a mechanic or a bank has filed papers that give them ownership rights to your car if you default on payment for your loan or services rendered.
It means that you gave your creditor a conditional right of ownership over your car, barring its sale or transfer without paying it off.
Basically a lien is money you owe someone, be it from purchasing the car or a loan you put you car up to get.
A lien can happen when you do not pay the loan on time. If this is the case you should speak to the lender.
It means that the car is security for a debt. Basically, you will be unable to sell, refinance or trade your car until the lien is removed.
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