• greyfox@lemmy.world
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      3 days ago

      Presumably saying that if the loan is discharged that means there is no longer a lien on it. Putting one on it yourself (if that is possible?) might prevent creditors from using the courts to repossess it to get their money back. In reality the best it might do is to make them think it isn’t an asset they can come after you for if they don’t look close enough at the lien holder.

      • Nougat@fedia.io
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        3 days ago

        If there’s no lien on the car, nobody can repo it. “Go lien the car” isn’t even a thing, and fails to specify who the lien holder would be.

        • greyfox@lemmy.world
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          3 days ago

          If you owe money they can still sue you and the court can force you to turn over assets.

          There are some protections around the court taking away your primary residence, but I don’t think there is anything stopping them from taking away automobiles (likely varies state to state).

          So I wasn’t talking about the original lein holder repossessing th vehicle, but instead other creditors that now see assets that are open on the books and seeking legal action to get their money back. Unlikely they will want to pay lawyers to do that for your car, but still possible.

      • jackeryjoo@lemmy.world
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        3 days ago

        Sure, but it doesn’t make any sense. The lien holder being you, wouldn’t work out in court, which is where lien disputes are resolved.

        • greyfox@lemmy.world
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          3 days ago

          Yeah like I said it only works if they don’t look too deep.

          My assumption would be that they aren’t going to bother to go to court if they can’t see any public records (vehicle registration, titles, etc) without liens that they would be able to get money out of.

          So if they don’t bother to check who the lien holder is they will likely just move on to the next person to squeeze money out of.

          And yeah if they do go to court the scheme will quickly fail, but the whole reason these people think their magic incantations work is because the courts/creditors/etc often just ignore them because it ends up costing more to fight them than to properly enforce the law/contracts.

  • emerald
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    4 days ago

    When you get your car loan discharged go lean on the car. Nothing they can do after that.

  • Tomassci@sh.itjust.works
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    4 days ago

    Lie in the car? I can already see the “come and take me” stickers with the person’s face instead of the gun