Can a loan company put lien on your car if its not paid off?
Yes, a loan company can put a lien on your car if it's not paid off. When you purchase a car with a loan, the lender typically holds the title to the car until the loan is paid in full. This means that if you don't make your payments, the lender can repossess your car. To protect itself from loss, the lender will file a lien on your car, which gives it a legal claim to the car as collateral for the loan. If you default on your loan, the lender can then repossess your car and sell it to satisfy the debt.