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What types of assets may qualify as collateral for a loan?What types of assets may qualify as collateral for a loan?

April 26, 2017assets collateral loan qualify types

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What types of assets may qualify as collateral for a loan?What types of assets may qualify as collateral for a loan?

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You may wish to use your house or other property in your name or your car as collateral for a loan. These items are viewed as security for the creditor; the creditor may take possession of them if you default on your loan.