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Not Legally

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โˆ™ 2012-05-26 19:17:21
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Q: Can someone use your vehicle as collateral on a loan without you signing the loan?
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Related questions

Can I sell a vehicle if I am a coowner without the other owner signing?

I don't think so not without their approval.


Can you rent without signing a lease?

Normally, you cannot rent without signing a lease unless you rent from someone you know who is willing to enter into this type of arrangement. You can also sublease from someone.


Can you change a title with someone elses name on it?

A title cannot be changed without the owner of the vehicle signing off on the seller line. A title can be transferred and a vehicle registered by a person other than the registered owner in most states.


Can you mortgage without being on the title?

No. When you mortgage a property you are signing yourinterest over to the bank as collateral for the loan. You can't do that if you don't own the property.


What kind of collateral is used for a personal loan?

It depends on the type of personal loan. It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.


Could someone use vehicle tracking on your vehicle without your knowledge or permission?

Yes vehicle tracking devices can be used on your vehicle without your knowledge. If you find this to be the case and it was not put there by the police it is illegal.


Leting someone drive your car without a license?

If you allow someone to drive your vehicle without a licence, you could have your licence suspended. It is illegal.


Should cops really arrest someone who is driving a vehicle without no vehicle insurance?

think about it if you had a nice ride and someone without insurace would hit you and possibly total your nice ride,you would be stuck,he wouldn't have insurance to replace your vehicle and your insurance will jack your rates up,or may not even replace your vehicle,so yes they should arrest someone without insurance.one more thing,what if that unisured driver would hit and kill someone


Can a creditor repossess a car without a registered lien or validate title?

If the creditor is the loan holder of the vehicle a lien is already in place. The title will show the loan provider as the primary lien holder. That insures the vehicle as collateral and if default occurs the lien holder can repossess the vehicle without going to court. Except in the few states that require the creditor to obtain a replevin order before seizing the vehicle.


If the bank sent you a title without a lien holder on it can you stop making payments on the loan and keep the car?

Your obligation to repay the loan is based on the promissory note you signed, and has nothing to do with a lien on the vehicle. Without a lien on the vehicle, the lender will be unable to repossess the vehicle, but they can still collect on the debt. They can also impose substantial penalties. Without a vehicle lien as collateral, most lenders will convert your auto loan into a signature loan at an interest rate of 12% or higher.


Can you post a question without signing up for an account?

Yes you can ask a question without signing up for an account on WikiAnswers.


Can a car be repossessed in California without a lien being placed on the title?

IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.


Is it possible to a place lien on someone's home with their consent as collateral for a personal loan?

Yes. It is a relative simple and inexpensive legal process that can be done without an attorney.


What is red clause credit?

A Green Clause Without Collateral


Can you play mathletics with no signing?

Sorry. You can not play methletics without signing in. I have looked everywhere for answers but no. You can't.


Can signing papers without reading it be dangerous?

Yes because you have no idea what you are signing away you could be signing away almost anything


If you drive someone else vehicle and they dont have insurance is this against the law?

Yes, It is always illegal to drive without your financial responsibility. It doe snot matter if it's your vehicle or someone else's


Can a question get answered without signing in?

Yes, a question can be answered without signing in, but not signing in means you do not get the contribution points, and the last edit would show up as an ID rather than your user name.


How do you get into webkinz world without signing in?

you don't


Is it a crime to move someone's vehicle once it is parked without their permission?

if the vehicle is parked on private property and if there is a sign saying that vehicles will be towed away you can move them.


What if someone is driving a car without your consent?

If the vehicle is registered to you, then this is grand theft. Call the police and report it. If the vehicle is not owned by you, then it may be theirs and they have a perfect right to drive their own vehicle.


Can you junk a vehicle without title if the loan company refuses to repossess the car?

ONLY if you can find someone to buy it without a title. NO buyer, NO seller.


Can someone remove a car from private property without asking owner to remove it himself not a repossession company?

The owner of the property where the vehicle is located can remove it/ have it removed, in most cases without the necessity of notifying the owner of the vehicle.


How do you put a lien on a car that has a loan in your name but is titled to someone else?

File suit in the appropriate state court in the county in which registered owner resides. If a judgment is granted it can be executed as a lien against the vehicle according to the laws of the judgment debtor's state. The lender is the primary lien holder if the vehicle has been used as collateral and a secondary lien can be enforced without the lender's release after the lending agreement has been completed.


If a car owner has full coverage on their vehicle including uninsured motorist can they allow someone without any insurance to drive the vehicle?

It is my understanding from my insurance company that if I "give permission" for someone to drive my vehicle and I have full coverage then my vehicle is covered. Recommend you ask your insurance carrier this question, they will be happy to give you an answer regarding your policy.