Read the fucking stickies and you'll figure out what valid collateral is. I find it hard to believe that you can write but not read.
And as ^^ said, you can lock this thread yourself. So much in thread points to laziness.
Well my mom just came in here and read this back again for me , and taught me howw to copy and paste so she said I should do that now with this paragraph from above mentioned sticky by the bully SR Member :
In general the amount lenders will be looking for is collateral equal to 110%-120% of the amount you are being loaned. Why is this? Well, first, they want to discourage you from running off with the funds. Collateral also needs to be something that can easily be sold, which brings me to my second point - your $500 worth of ink isn't going to cut it as collateral. Normally lenders will want things such as Altcoins or
precious metals,
although things that can be sent electronically are preferred.
LAST TIME I CHECKED I THINK GOLD WAS STILL A PRECIOUS METAL.... Maybe I had another dream and just thought it was valuable....
AND TO ANYONE WHO GAVE ME ADVICE OR HAD A COMMENT MADE IN A REASONABLE, FRIENDLY NON-JERKOFF TYPE OF WAY, THANK YOU MUCH I APPRECIATE IT.