https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252394#M946 <DIV></DIV><DIV><BR /><BLOCKQUOTE><DIV><HR />ace9848 wrote:<BR /><DIV>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. <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /></DIV><BR /><HR /></DIV></BLOCKQUOTE>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.<BR /><DIV></DIV></DIV> Sat, 31 May 2008 17:50:58 GMT Takunda1 2008-05-31T17:50:58Z https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252224#M936 <DIV>What does "clean title history" mean?</DIV> Sat, 31 May 2008 14:39:02 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252224#M936 Anonymous 2008-05-31T14:39:02Z https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252252#M938 <DIV>What would be a derog for the title? Missing a payment on the account? I am still clueless as you can see <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /></DIV> Sat, 31 May 2008 14:55:45 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252252#M938 Anonymous 2008-05-31T14:55:45Z https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252254#M939 No lien holders.<BR /><BR /><BR />ETA: Sorry I miss read your post earlier!<BR /><BR />Message Edited by jaybee on <SPAN class="date_text">05-31-2008</SPAN> <SPAN class="time_text">09:59 AM</SPAN> Sat, 31 May 2008 14:59:33 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252254#M939 Anonymous 2008-05-31T14:59:33Z https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252266#M941 <DIV>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. <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /></DIV> Sat, 31 May 2008 15:05:48 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252266#M941 Anonymous 2008-05-31T15:05:48Z https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252378#M944 <DIV>Insurance company could be a lean holder as well as the OC.</DIV><DIV>&nbsp;</DIV><DIV>Also if you put your car up for collateral on a loan.</DIV><DIV>&nbsp;</DIV><DIV>Tax lean??&nbsp;</DIV> Sat, 31 May 2008 17:31:25 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252378#M944 marty56 2008-05-31T17:31:25Z https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252394#M946 <DIV></DIV><DIV><BR /><BLOCKQUOTE><DIV><HR />ace9848 wrote:<BR /><DIV>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. <img id="smileyhappy" class="emoticon emoticon-smileyhappy" src="https://ficoforums.myfico.com/i/smilies/16x16_smiley-happy.gif" alt="Smiley Happy" title="Smiley Happy" /></DIV><BR /><HR /></DIV></BLOCKQUOTE>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.<BR /><DIV></DIV></DIV> Sat, 31 May 2008 17:50:58 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252394#M946 Takunda1 2008-05-31T17:50:58Z https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252833#M954 <BR /><BLOCKQUOTE><HR />@Anonymous wrote:<BR /><DIV>What does "clean title history" mean?</DIV><BR /><HR /></BLOCKQUOTE><BR /><BR /><BR />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 Sun, 01 Jun 2008 01:59:36 GMT https://ficoforums.myfico.com/t5/Auto-Loans/What-does-quot-clean-title-history-quot-mean/m-p/252833#M954 MattH 2008-06-01T01:59:36Z