QUESTION

Can a bank put a lien on your car title?

Asked on Jun 25th, 2011 on Bankruptcy - Indiana
More details to this question:
Can a credit union or a bank put a lien on your car title if you have 1 payment left due to the fact that you are behind on payments for a personal loan at the same bank/credit union?
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1 ANSWER

Yes, if your agreement allows for what is called "cross-collateralization" which is common, that may be the case.
Answered on Jul 29th, 2011 at 5:55 AM

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