We are currently offering the best car title loans with a lien. It is important that you understand the meaning of your car having a lien placed on it. With respect to car title loans, most lenders tend to place a lien on a car which has been used as collateral to obtain a loan. What this implies is that the lender can claim the ownership of your car title until you have successfully repaid the loan.
Although your car title still bears your name, the original copy will be held in the possession of the lender who had the lien placed on the car. Then again, the lender will have some legal rights with respect to your car. What a car lien serves to accomplish is to guarantee that you will be able to repay your registration loan through regular repayments or the car will be repossessed.
Getting a Car Title Loan with a Lien
If your car has a lien placed on it, you will still be able to get the title loan on it. Having a lien placed on your vehicle simply implies that you
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