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Personal Assets That Can Be Used To Secure A Loan


It may be possible to obtain cash from personal assets by using them as collateral to secure repayment of a loan. You get money when you need it and get to keep the asset. For instance, you can borrow money against the following items:

  • Certificates of Deposit and Other Term Bank Accounts. For information, click here.
  • Stocks and Bonds. For information, click here.
  • Personal Property such as jewelry, antiques or collectibles. For information, click here.
  • Cars and Trucks

The lender will always limit a loan to less than the current value of an asset. It's the only way the lender can assure that if you don't pay, a sale of the asset will repay the loan plus interest and costs.

NOTE: Real estate can also be used to secure a loan. To learn more, click here.

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