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You can place a lien on a personal loan. You need to win a lawsuit that allows you to against the debtor.

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11y ago

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Unsecured loans are loans that are backed by collateral?

Unsecured Loans are not collateralize by lien; therefore, you won't risk loosing any of your personal assets. Also the loan process is faster; thus, it's faster for you to be approved for unsecured loans compare with traditional loans. Because of this, unsecured loans will generally carry a higher interest for it carry a much higher risk. Also, you do need to have good credit in order to be approved.


What are mortgage loans and personal loans?

Mortgage loan and Personal loans are different types of loan that can be assisted by a licensed money lender. For Mortgage loan, this typically covers mortgage. If you are having troubles or in pressing need for funds to buy real estate property, then this is the loan for you. This is either used by purchasers to buy and at the same time can be used by existing property owners to acquire or raise funds (regardless of the purpose) while putting a lien on the property being mortgaged. Meanwhile personal loans can be called unsecured loans or signature loan that is on the basis of the borrower's credit history and also considers the ability to repay it from personal income.


Can you provide some examples of personal loans?

Some examples of personal loans include installment loans, lines of credit, and payday loans.


Can a lien be placed on a house for non paymen of personal loan?

Yes, a lien can be placed on a house for non-payment of a personal loan if the lender obtains a court judgment against the borrower. This legal process typically requires the lender to prove the debt in court, after which they can file a lien against the property. Once the lien is placed, it can affect the homeowner's ability to sell or refinance the property until the debt is settled. However, the specific rules and procedures can vary by state.


What is the scam on personal loans now?

There are many scams existing to do with personal loans

Related Questions

Can you get a title loan with a lien holder on the title?

Yes, try Cashtime personal loans


Is a lien on a property considered real or personal property?

A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.A lien is considered personal property.


How do you file a lien on a homeowner association?

To file a lien on homeowner association you have to file at the court house.


Who can file Mississippi tax lien?

The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.The town or county can file a property tax lien. The state can file a state income tax lien.


A lien was filed due to credit card debt. I had no personal property at the time the lien was filed about 3 years ago. How does this affect my credit?

The lien is probably still in place, and the fact that it was filed is still on your credit file.


Is there anytime an HOA cannot file a lien?

It would be improper for an HOA to file a lien if there is no legal reason to file such a document.


Can you File Mechanics Lien for unpaid auto repairs in PA?

No, you need to file a repairmans lien.


How do you file a lien for unpaid auto repairs in Maryland?

you cant file for a lien... you would have to sue the person and the judge will place the lien if he/she see fit to do so ...


How do you file a mechanics lien in Mississippi?

To file a mechanics lien in Mississippi one will need to go to the courthouse and file the paperwork. An attorney can be hired to file all the paperwork for you.


What form do you use to file a lien for unpaid HOA dues in Texas?

Best practices dictate that you work with the association's attorney to identify the proper lien to file, and to follow the process required to file such a lien. An improper lien, filed improperly will give an owner an 'out'.


Can a lien be used for colateral for a personal loan?

Sometimes, in terms of <a href="http://www.paydayprovider.co.uk">Payday Loans</a> they cannot, as these are unsecured and therefore unregulated, however with secured homeowner loans and property loans you may be able to. Check with your bank or financial institution for more information.


How do you file lien on property that you have a promissory note on?

You need to sue the debtor in court and win. If you prevail in your suit you can request a judgment lien. The lien can be recorded in the land records if the debtor owns real property. The property cannot be refinanced or sold until the lien is paid. Generally, personal property can be seized by the sheriff to satisfy your lien.