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Topic: Loan Question. - page 2. (Read 1090 times)

member
Activity: 112
Merit: 10
November 24, 2013, 07:20:36 PM
#9
There are plenty of places that will do car title loans, much easier than doing it with someone over the internet.
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
November 24, 2013, 07:18:36 PM
#8
No.
Collateral is something that can be sold to a third party, should you default.
A fake ID is not worth that much.

I don't understand what your talking about, fake id?
Try selling this car title and report back?
That's how much it is worth as collateral. Wink

I still don't understand. When you use a car title for collateral, you can put a lien on it and take it if defaulted..... right?

Getting liens done over the internet is... tricky.

Collateral is only worth anything if it protects the lender from loss: the lender must be able to sell what you give them. If you send a scan of your car title, the lender can't sell it.
sr. member
Activity: 336
Merit: 250
Cuddling, censored, unicorn-shaped troll.
November 24, 2013, 07:15:29 PM
#7
I still don't understand. When you use a car title for collateral, you can put a lien on it and take it if defaulted..... right?
One last friendly advice.
Sell your car car title.
Don't borrow wealth.
You'll thank me later.
sr. member
Activity: 391
Merit: 250
November 24, 2013, 07:10:53 PM
#6
No.
Collateral is something that can be sold to a third party, should you default.
A fake ID is not worth that much.

I don't understand what your talking about, fake id?
Try selling this car title and report back?
That's how much it is worth as collateral. Wink

I still don't understand. When you use a car title for collateral, you can put a lien on it and take it if defaulted..... right?
sr. member
Activity: 336
Merit: 250
Cuddling, censored, unicorn-shaped troll.
November 24, 2013, 07:08:04 PM
#5
No.
Collateral is something that can be sold to a third party, should you default.
A fake ID is not worth that much.

I don't understand what your talking about, fake id?
Try selling this car title and report back?
That's how much it is worth as collateral. Wink
sr. member
Activity: 391
Merit: 250
November 24, 2013, 07:05:56 PM
#4
No.
Collateral is something that can be sold to a third party, should you default.
A fake ID is not worth that much.

I don't understand what your talking about, fake id?

Also, isn't a car title collateral?
sr. member
Activity: 391
Merit: 250
November 24, 2013, 07:04:48 PM
#3
No.
Collateral is something that can be sold to a third party, should you default.
A fake ID is not worth that much.

I don't understand what your talking about, fake id?
sr. member
Activity: 336
Merit: 250
Cuddling, censored, unicorn-shaped troll.
November 24, 2013, 07:00:02 PM
#2
No.
Collateral is something that can be sold to a third party, should you default.
A fake ID is not worth that much.
sr. member
Activity: 391
Merit: 250
November 24, 2013, 06:56:43 PM
#1
Was curious if a car title and personal information would be good enough collateral for a small loan in USD......I know i am a new user here and collateral would be needed.

Thanks for your help.
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