Lindsay Vansomeren for Achieve
What is a lien and how does it affect you?
You’re in good company if you’re not exactly sure how liens work. It’s not one of those topics that makes it into most people’s water-cooler conversations.
But knowing what a lien is and how it works could give you a lot of power to understand your options if it comes up in your financial life. That could help you make the best decisions for your family—and feel confident about your choice.
Achieve explains how liens work.
Key takeaways:
Liens give someone else a right to things you own if you owe them money.
Liens can be voluntary, like for a mortgage, or involuntary, like for unpaid child support.
You could get rid of liens by paying back what you owe or negotiating the debt.
Liens explained
A lien is