Author Topic: Collateral in Secure Loan  (Read 127 times)

Offline Spinningla

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Collateral in Secure Loan
« on: November 13, 2013, 04:42:42 PM »
What are the common properties used as collateral in a secure loan? How is the value of collateral determined?
« Last Edit: November 13, 2013, 04:42:42 PM by Guest »
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Offline InternetSummers

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Re: Collateral in Secure Loan
« Reply #1 on: November 13, 2013, 06:12:19 PM »
Collateral for a personal loan can be used by various lenders. There are many examples that you can be use as your collateral, some of these are a pawn shop usually accepts jewelry; electronics, such as computers; and automobiles for short-term personal loans. When borrowing money from a bank, the borrower could use an automobile title if she owns the car, or a savings account.
« Last Edit: November 13, 2013, 06:12:19 PM by Guest »
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