car pawn loan Markham Ontario

November 2, 2021

Are You Allowed to Use the Same Collateral to Get Another Car Pawn Loan Markham Ontario?

A car pawn loan Markham Ontario is a reliable and fast option when you have an emergency or sudden expenses. You’ll need to put up your car as collateral, but you will retain possession of it even while the loan is active. This is good news for you since you still have the means to get around. One question that’s often asked is whether one can use the same car to apply for another loan with a different lender.  Same Collateral, Different Loan?  As a rule, you cannot use your car to apply for a loan if you’ve already put it up as collateral. It doesn’t matter if it’s a different type of fast loan and with another lending company. […]