easy bad credit loan Ottawa Ontario

July 9, 2019

Can You Use a Shared Vehicle as Collateral for an Easy Bad Credit Loan Ottawa Ontario?

A car is one of the biggest investments you’ll ever make in your life. Because it can get pricey, some people prefer to share their car’s ownership with their partner. After all, the arrangement can be likened to sharing a house. However, there are questions as to whether this arrangement can affect your application for an easy bad credit loan Ottawa Ontario. Is Sharing OK? Yes, a shared vehicle can be used as collateral for a title loan. However, your name should be listed on the title. Lending companies require that the person applying for the loan should be the owner on record. If your name isn’t listed as the owner, you can’t put the vehicle up as collateral, even […]