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What is a Collateral Loan

A collateral loan is a secured loan. It is when someone gives you a loan, usually cash, and in exchange you give them another asset, usually an illiquid asset like a car to secure the loan in case you don’t pay back the loan. If you want to know more about collateral loans and how … Continue reading

Collateral Loans

I have had a number of people ask me if a car title loan is similar to a collateral loan.  Well, they are actually the same thing. The only difference is that a car title loan, or as some refer to it as an auto title loan or pink slip loan, is a niche product … Continue reading