Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 285
Registered: ‎03-29-2008
0

What does "clean title history" mean?

What does "clean title history" mean?
Frequent Contributor
Posts: 285
Registered: ‎03-29-2008
0

Re: What does "clean title history" mean?

What would be a derog for the title? Missing a payment on the account? I am still clueless as you can see Smiley Happy
Valued Contributor
Posts: 1,088
Registered: ‎03-18-2007
0

Re: What does "clean title history" mean?

[ Edited ]
No lien holders.


ETA: Sorry I miss read your post earlier!

Message Edited by jaybee on 05-31-2008 09:59 AM
If at first you don't succeed... hang up and try again!!
Frequent Contributor
Posts: 285
Registered: ‎03-29-2008
0

Re: What does "clean title history" mean?

What is a lien holder ?Now you really know how clueless I am. I am hoping that since I don't know what one is, that I don't have one. Smiley Happy
Super Contributor
Posts: 5,712
Registered: ‎10-06-2007
0

Re: What does "clean title history" mean?

Insurance company could be a lean holder as well as the OC.
 
Also if you put your car up for collateral on a loan.
 
Tax lean?? 
03/21/2016 FICO: EQ: 772 EX:773 TU:779
Established Contributor
Posts: 512
Registered: ‎06-08-2007
0

Re: What does "clean title history" mean?



ace9848 wrote:
What is a lien holder ?Now you really know how clueless I am. I am hoping that since I don't know what one is, that I don't have one. Smiley Happy


Lien holder is any entity that may have an interest in the vehicle. Usually this is the financing company of the vehicle. Once the vehicle is paid off the financing company releases it's lien and you have what is called a "Clean title". A clean title is basically where you're the registered owner as well as the legal owner of the car. When you are financing a vehicle, and a lien holder is on the title, you are merely the registered owner, and the lien holder is the "legal owner" of the vehicle. That's how when you default on an auto loan a company can repo the vehicle because they are the legal owners of said vehicle. Hope that helps.
Senior Contributor
Posts: 3,240
Registered: ‎04-03-2008
0

Re: What does "clean title history" mean?



ace9848 wrote:
What does "clean title history" mean?





As others have posted, it means no outstanding lens on the title. It also means various problems are not present, such as a "salvage" title. When shopping for a used car, you should always run the VIN (Vehicle Identification Number) of any car you test drive through www.carfax.com
TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.