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What does the bank do when it uses your vehicle for collateral on a personal loan in Ontario Canada?


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2015-07-14 15:07:18
2015-07-14 15:07:18

Well, don't quote me on this but logic would lead one to believe that technically the lender would have a lien against the car, so, in the event of non-payment they would sell your car and return to you all monies, if any, above and beyond the balance and costs. .


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