Being the baller I am, Ive only paid cash, no loans, for all my vehicles. And as it looks, I sold my Range tonight. I take a gander at my title and there is a lien on it from M&T, which I did not use, nor have I ever used.
So, long story short. Can I take my title to an m&t, ask for a lien release, or do I go to the dmv and try and sort stuff out.
No lien was ever used, I didnt get one when I bought it, I titled and registered it fine, and when it came in the mail, I didnt even look, just sorted it with my files.
the next owner can still reg the car as you did. i did the same thing but i knew there was a lien on the title. as long as theres no money owed. best bet is to go to the bank and ask for a lean release
I’ve dealt with it. I had to fax front and back of my title to the branch the lien was from, anwser a bunch of questions per phone, and they mailed me a release. Then the car became a race car, total waste of time haha.
because idk about you, but I dont want to save up 100k+ to buy a house outright.
plus car insurance is sometimes based off of credit, some landlords/employers check credit and im sure a few other things go off your credit too.
even financially savvy people utilize credit. buying something at zero percent interest for x number of months allows you to use that money to earn interest in an investment else where. or simply having a credit card on reserve just incase, never a bad thing.
and jobs check it too.
More so higher ones… Where you actually have to work to get to that position, only to be denied by a poor credit choice 5 years ago :S
Ouch.
some rich people have mortgages just to have somewhere to spend their money; they can deduct the interest, as joe said, and typically over the long run houses appreciate in value.