androw7024 androw7024

14-01-2022
Business

contestada

What is the danger of putting up collateral for a loan?.

Respuesta :

jcherry99 jcherry99

14-01-2022

Answer:

Explanation:

If you don't or can't make payments and this keeps up, the person or institution making the loan could take possession of the collateral and use it as at least partial payment for the loan. Bottom line.: you loose an asset.

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