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If you default on a personal loan can a lien be place against your vehicle?
Wiki User
∙ 15y ago
If you own your car, its an asset, probably
Wiki User
∙ 15y ago
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Can you file a lien on personal loans?
You can place a lien on a personal loan. You need to win a lawsuit that allows you to against the debtor.
Where is the best place to get a loan for a vehicle?
The best place to get a loan for a vehicle is a bank or similar financial institution.
Can you place a lien against a home owned by a debtor to secure a personal guarantee on a business loan that was given in writing but does not mention any security?
You could petition the appropriate court for a judgment against that person. If you are successful the court will issue a order that can be recorded against the real estate in the land records. Your lien would take its place behind any other outstanding liens that have already been recorded against that person.
Will a credit card company seize your car for unpaid credit card debt?
If a creditor/lender obtains a writ of judgment from the court in the state where the debtor resides, said judgment can be executed against real and personal property belonging to the debtor. In matters of judgments for CC debt in most US states it is possible for the judgment holder to place a lien against a vehicle (depending upon how the vehicle is titled) and request a forced sale. However, even though it is possible it is not in feasible for the judgment creditor to take such action and therefore highly unlikely to occur. The judgment debtor can also, garnish wages, levy bank accounts, seize and liquidate non exempt assets (stocks, bonds, etc.) or place a lien against real property. The judgment debtor should familiarize themselves with what real and personal property is exempted from attachment according to the laws of their state. Generally these exemptions will be the same as are allowed in bankruptcy proceedings.
What happens to the cosigner if you are in chp 7 bankruptcy and you default on your car loan?
If you default on your loan, the cosigner is stuck with paying it off. If your credit had been any good in the first place, you would not have needed a cosigner.
Can citifinancial place a lien on your home for non payment of a personal loan when they have a your vehicle as collateral?
Yes, if you default on a personal loan with a vehicle as collateral, Citifinancial may place a lien on your home to secure the debt. This would allow them to pursue a foreclosure on your property if the debt remains unpaid. It's important to consult with a legal professional to fully understand your rights and options in this situation.
What we call the place where vehicles in our house?
The garage is where a personal vehicle is stored.
Default on payday loan in Arkansas?
They can place a lien against your assets. Or they can garnish your paycheck, they are going to get their money back.
Can you file a lien on personal loans?
You can place a lien on a personal loan. You need to win a lawsuit that allows you to against the debtor.
Can a HOA place a lien on homeowners vehicle?
Best practices dictate that you take the lien filed against the vehicle to an association-savvy attorney and request guidance.
Can a creditor's lawyer place a lien on a financed vehicle in the state of Texas?
When you signed the contract to finance the vehicle, the creditor put a lien on the vehicle. In the rare event that this was not done, it can be done later in some cases.Also, a creditor can place a lien on an already financedvehicle if there is more equity in the vehicle than the amount of the original loan. Generally, a creditor who obtains a judgment lien against you can arrange to place that lien against any property you own in order to satisfy the lien.
You co-signed a mortgage for property you don't own. Can a lien be placed on that property for your own personal debt?
No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.No. If you are a co-signer on a mortgage for property that you don't own your personal creditor cannot place a lien against that property for your personal debt. If the creditor does record a lien in the land records it will have no effect if you have no ownership interest in the property.
If you have a default due to someone sueing you how does that affect you?
A 'default judgment' is awarded to the plaintiff when the defendant does not appear in court to defend themselves against the claim. If the judgment was awarded to them in your absence, then you are required to obey the courts finding. Depending on what the claim was for, and in what amount, they may be able to seize, or place a lien against, property of yours equal in value to the claim they won.
When a wants to buy a new vehicle he or she usually test drives them is the pronoun antecedent agreement correct?
No, the correct sentence is:"When a driver wants to buy a new vehicle he or she usually test drives it."The singular personal pronoun "it" takes the place of the singular antecedent noun "vehicle".
Show the pronoun antecedent agreement for When a driver wants to buy a new vehicle he or she usually test drives it or them?
The correct sentence is:"When a driver wants to buy a new vehicle he or she usually test drives it."The singular personal pronoun "it" takes the place of the singular antecedent noun "vehicle".
What is the use of a vehicle?
To get you from place to place.
Is Yahoo personals a place for personal ads?
yes. Yahoo! Personals is exactly the place for personal ads. You must be a registered member of Yahoo to place a personal ad. There are many classification categories in which to place your personal ad.
