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Who holds the collateral in a Loan with collateral?
Assuming you are talking about a car loan since you put this ? in the car section.. normally.. unless it is a sort of pawnshop or personal type of loan, you the borrower.. again assuming you are not...
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What is a ganglion?
A Collection of nerve cell bodies located outside the Central Nervous System.
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Can a bank refuse to release collateral if they have excessive collateral?
They can refuse if the loan outstanding is much more than the collateral provided. Ex: If you have a loan outstanding of 100,000$ and you have provided a collateral of 50,000$ you cannot expect the...
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Kinds of collateral?
Anything of value that is acceptable to the recipient, such as cash, notes, property...
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What is repossession of collateral?
The collateral is what you put up the guarantee the loan is paid. Can be a car, motorcycle, home, anything of value.
When you finance or lease a vehicle, your creditor holds important rights on the...
