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Cash for collateral!!!?

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Robert20



Joined: 08 Apr 2011
Robert20's page
Posts: 8



132 Magic Points

Subject: Cash for collateral!!!?
 
Posted on Fri Apr 08, 2011 3:23 pm  

Again, sorry for all the threads, I just found this forum and I have many questions.



Can a person borrow money from a bank using money for collateral?

For example, use 25k as collateral for a loan for that amount or lesser.

If so, can that person use some or all of the money put up to secure the loan?







____________________________________
Alfredo Piacentini
#anonymous
Guest






 
Posted on Mon Apr 11, 2011 11:29 am  

I simply didn't get your query. Why would a person take a loan if he already had that money? Well if it's a policy, he might take a loan depending on his policy terms.
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889



1387 Magic Points

Subject: credit
 
Posted on Wed Apr 13, 2011 11:51 am  

Some banks will let you use your savings account for 'collateral' for loans. I agree with ;Guest'. I'm not quite sure what your asking either, Robert. Can you clarify please?

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