Jason D: What types of things do loan companies accept as collateral?
There is a loan company here in town and I need to take out a loan to pay my rent. What types of things do these companies usually accept as collateral and what types of things don’t they tend to accept?
Answers and Views:
Answer by AllanThey’ll take anything they can liquidate (real estate, cars, equipment), so be really careful what you put as collateral.Answer by David Z
stocks and bonds
certificate of deposit
savings account balance
land
automobiles
artwork
land
homes
they will accept as collateral something they can sell quickly if you default.
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