Written by Jasir Jawaid
Creditors will often slide in a provision that protects their interests if you fail to make payments on a loan for a long time. Liens are a common way to ensure owners pay valid debts because they give lienholders a legal claim over the said asset.
This article will walk you through the ins and outs of a lien, if it affects your credit score, and what you can do to remove a lien. (Spoiler alert: don't get your hopes up).
This article was published on JoyWallet and can be read here in full.