A co-borrower is someone who is jointly responsible for repaying your loan, while a co-owner jointly owns your vehicle. By applying for an Auto-Secured Personal Loan, you will bear sole financial responsibility for repayment of the loan even if the vehicle is registered with multiple owners.

Loans through Upstart allows co-ownership as long as the co-owner signs a consent form agreeing to the lien placement on the title.  In order to process the lien placement, loans through Upstart require the co-owner to  share his or her driver’s license or state identification number with Upstart.. If you have a co-owner, you must provide your co-owner’s name and email address when you apply. The co-owner is not responsible for repayment of this loan and their information is not considered in the credit decision and will only be used to secure the vehicle title as collateral to the personal loan.