The Center For Debt Management
Debt Relief


Legal Software

Legal Forms
& Agreements

Legal Guides

Chapter 7

Chapter 11

Chapter 13

Bankruptcy Alternatives

Guide To The New
Bankruptcy Laws

New Requirements
Prior To Filing

U.S. Bankruptcy

Debt Settlement

Debt Management

Debt Consolidation

Credit Counseling

Business Debt

Stop Foreclosure

Legal Resources

Financial Library

Financial Bookstore



Guide to Understanding
The Right of Possession

The right of possession means that someone currently holds something in hand and this person may be the temporary keeper or the long-term owner of an object.


  • A business buys a vehicle and obtains financing. The company purchasing the vehicle becomes the registered owner and has both possession and right of possession. The financial organization providing financing would become the lienholder and would have right of property. If the business that bought the vehicle then rented it to someone, that individual would then have possession but would not have right of possession. The company renting the vehicle to them could repossess the vehicle, for example if they hold the vehicle past the contract period. Also, if the rental company missed payments to the lienholder, the lienholder could repossess the vehicle from the person having possession as well.

  • I purchase a pen at a store. I have all three attributes (possession, right of possession and right of property). If I loan the pen to someone, they have only possession. If they fail to give it back they conceivably could have all three, if I was unable to find them, since it is unlikely it would be possible for me to prove that an inexpensive item such as a pen was borrowed and not returned.

Over 2,000 Pages of Content
Center For Debt Management

Center For Debt Management

The Center For Debt Management

Helping Consumers Save Money and Reduce Debt Is Our Only Business!

We invite you to explore the sectors listed below. We promise that you'll find exceptional values, offers and resources to reduce your living expenses and to enjoy life! But First—if you're over-your-head in debt—get a free no-obligation debt consultation right now!

Debt Management and Financial Services! The Internet's oldest and most comprehensive debt management agency! Resources for debt management, consumer credit counseling, debt consolidation loans, debt settlements, legal aid, financial aid, credit and financing, credit reports, budget software, insurance, income resources, tax assistance and more. Get out of Debt! Call Now — 1800DEBT.COM

Established In 1989 and Serving The Online Community Since 1992!

Get Out Of Debt: Call

Center For Debt Management