In this eye-opening tale, we delve into the actions of several companies that have charred their reputation by filing false liens on vehicles and deceiving unsuspecting customers. These unscrupulous businesses engaged in predatory title loans, with staggering amounts involved. One company was accused of filing liens totaling $700,000, another $2.2 million, and yet another a whopping $4.3 million. Among these companies, Cash Point Approved Financial and many others were found to be involved in these deceptive practices, encumbering vehicle titles through misleading loan terms.
It’s important to note that this isn’t just a news story. We’re talking about the Office of the Attorney General here—an esteemed organization with high authority. When your vehicle’s title has a lien attached to it, you face significant limitations. Selling, trading, or engaging in any transactions involving the vehicle becomes nearly impossible until the lien is cleared. To clear the lien, you typically require the signature of the lien holder. However, when fraud is involved, the Office of the Attorney General can step in to address the fraudulent lien.
If you find yourself in a situation where the validity of a lien is questionable, it’s crucial to understand your options and rights regarding clearing it. Take the time to explore the avenues available to you and seek guidance on how to navigate this complex issue. If you are interested in reading the article. Here is the link: