Liens A lien is a claim that is lender’s payment that is registered against a vehicle.
Many loan providers will check always to be sure there clearly wasn’t already a lien on your own vehicle. The lender may still offer you a title loan if your car can be sold for more than the amount of the existing lien if there is already a lien.
In the event that you stop making repayments, the financial institution might use the mortgage contract to seize your car or truck. Read more