Random Feed wrote an interesting post today on
Here’s a quick excerpt
by Dave Davis Putting up collateral to secure a loan can be an intimidation and terrifying experience. If circumstances beyond your control cause a default in your loan payments, you could lose the asset used as collateral. Additionally, many individuals don’t have the assets necessary to secure a loan that requires collateral. For these individuals, getting a loan at all can be quite difficult. Since there are literally millions of people that don’t have an asset to use as collateral, many pe

Read the rest of this great post here

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