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A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.
A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.
A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.
A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoA creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.
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How do you find out if a property has a loan on it?
The deed is filed in the county courthouse. There will be a lien filed against it if there is a loan.
Will you pay more interest on an unsecured personal loan rather than a secured one?
An unsecured loan generally does charge a higher interest rate than a secured loan because there is no collateral being held and no lien placed against anything they would be able to take in payment.
What are the requirements of an unsecured loan with bad credit?
There really are not too many requirements for someone that has bad credit and is looking to get an unsecured loan. One of the requirements is to not have recently filed for bankruptcy.
Can you take the vehicle from the person not paying the loan if you are the guarantor of the loan?
If there is a specific contractural agreement between seller and buyer and a lien has been officially filed against the title of the vehicle, then assuming the purchaser is in default of the loan - then yes.
Bank gives you a loan but you still have the grant deed who owns it?
If your property is collateral for the bank's loan there is almost a 100% probablility that, whether you hold the deed or not, they have filed a lien against the property to protect their interests
What is a loan that is linked to an asset called?
An unsecured loan An unsecured loan
How an Indian will get loans against business?
where do you plan to get a loan? what country? if you are in the US, you can either have unsecured type of loan.
Can you file a personal lien against a personal loan on a credit card?
Your question doesn't make sense. A lien is filed against an asset, not a debt. The lien secures a debt. A loan is a debt. I can't figure out what the credit card has to do with anything. If you mean you let someone use your credit card, and they haven't paid you back yet, what can you do, then basically what you have done is extended an unsecured loan. You will not be able to place a lien on any of their assets under these circumstances. However, you may be able to go to the justice of the peace and file a small claims law suit for the amount of the loan and obtain a judgement against the person for the amount they owe you. In the case you were able to prevail you might be able to get legal standing to seize something of value of theirs in the future. If they don't have any money, or much property you are likely just wasting your time though.
Can you get an unsecured loan with bad credit?
It is very difficult to get an unsecured loan with bad credit. This is because of the nature of the loan. When a person gets an unsecured loan, it means there is no collateral to back the loan up with.
What are the similarities and differences between a secured loan and an unsecured loan?
The similarities are that both types of debts can be collected according to the respective laws governing the transactions. Secured debts are those in which some form of collateral has been used. When someone buys a house, the house is used as collateral for the loan. Lenders have much more leeway when collecting on defaulted mortgages, such as foreclosure/forced sale. In the instance of credit card debt, which is unsecured lawsuits have to be filed, won, judgments executed, and so forth. Secured debts always have to be paid or the property has to be forfeited. Unsecured debts, even when a judgment is issued are not always collectible.Answer :Unsecured debt refers to any type of debt or general obligation that is not collateral by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment.Secured loan is a loan where you will be required to use your property as security against the loan, so the lender is able to balance the risk of lending to you.
Can you go to prison for unsecured loan in Ireland?
can i go to prison for unsecured loan in ireland
Can a bank put a lien against your house if you cosigned on a car loan that has 1500.00 left on the loan unpaid?
Yes. The bank must get a court judgment and can then record a lien in the land records against your real estate.
