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When you give your title as collateral to a friend for a loan can they put a lien on the car if i can't pay the loan?
Wiki User
∙ 10y ago
Yes, that's the purpose of giving them the title as collateral. There are legal steps involved and laws in your area may have some impact on this - so you should consult an attorney to ensure full protection of your rights. However, the purpose of collateral is to give the lender something to fall back on in case you don't repay, and putting a lien on your car would be doing exactly that.
Wiki User
∙ 10y ago
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Could you inform me about title pawn loans?
A title pawn loan is a method of using your vehicle title as collateral for cash. Its mostly done when you need money and don't have time. You can give your vehicle for a certain time to and get cash for it.
How do you obtain a secured loan?
The person who is loaning the loan has to give collateral in exchange for it with lowest interest rates. Also to get one you have to present proof of your monthly income, and a valuable you can use as collateral.
How can you get a loan with bad credit without a cosigner?
It depends. If it's for a car you can go to any bad credit car place and they will give you credit. If it's for a house you can call a bad credit mortgage broker and they will give you a mortgage if you have a downpayment. If it's a small personal loan you need, go to a payday loan or cash advance store. You need a job and a checking account. Or you can try to get a loan from a bank or credit union if you have collateral like a car or house or something of value. Or you can go get an Auto title loan. You need a clean and clear car title and you get money the same day. These are the only ways I know of.
Why are you being foreclosed on if your name is not on mortgage?
If your name was ever added to the title after the mortgage was granted then you will be named in the foreclosure to fulfill the obligation to give notice to all interested parties.If your name was ever added to the title after the mortgage was granted then you will be named in the foreclosure to fulfill the obligation to give notice to all interested parties.If your name was ever added to the title after the mortgage was granted then you will be named in the foreclosure to fulfill the obligation to give notice to all interested parties.If your name was ever added to the title after the mortgage was granted then you will be named in the foreclosure to fulfill the obligation to give notice to all interested parties.
Where can you get loans for start up business with no collateral?
You can get a loan for a start up from the bank. You will need to find a bank that is small business friendly. They will examine your personal credit to determine if they would like to give you a loan.
Could you inform me about title pawn loans?
A title pawn loan is a method of using your vehicle title as collateral for cash. Its mostly done when you need money and don't have time. You can give your vehicle for a certain time to and get cash for it.
How do you give nick cash to a friend in Petpet Park?
easy. YOU CANT! you cant even give gifts to your friends on petpet park. sorry :(
Why cant a new friend give you something on HOWRSE?
You must have 10 days seniority to give gifts on Howrse.
How do you download railway g?
i cant give u the ans but please ad me as a friend
What advice would you give to a friend with a drug problem?
You cant really give advice to your friend, but you do need to let them know how you feel about the addiction, And always stick by them no matter what
What is the title of the song with lyrics if i cant kiss you in this real world i kiss in my dreamsif you cant me tomorrow can you give me your past?
I dont know maybe google it
If car title and car is registered to you but friend wont give the car back is it rightfully mine?
Yes. The title and registration is the same as putting your name on a hot wheels car for show and tell in Kindergarten. It is still your car, so tell your friend to give it back
You are waiting for your title to be mailed can you trade your car in before it gets here?
No car dealers will ever take a car without having the title for it. Because if they take it and you dont give them the title then they cant sell it.
What do you do if you cant get a girl friend?
don't give up on finding a girlfriend and keep looking for a girlfriend just for you
Can you get a title loan on a salvage title?
Most banks or independent title loan companies will NOT give you an AUTO loan or consider the car as collateral on a Salvage title car. Some dealerships have been know to sell salvage title vehicles and submit the title for a loan, unbeknownst the bank or the vehicle's owner. This is not illegal in some states. Always ask to see the title when purchasing a used car from an unknown dealership.
What happens if you buy a car and the owner wont give you the title?
purchased a vehicle from a friend. Now that I have paid for it in full, the guy I bought it from will not give me the title. I'm not even sure if he ever had the title transferred to his name when he purchased it. I need to know how to go about getting a title. Please help. Thank you
Where can you find omanyte even though you found kabuto?
cant unless your friend has 1 then he/she can give it 2 u
