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What are the disadvantages of a collateral loan?

Whitney Matthews

in Student Loans

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Craig Stewart on August 26, 2018

A disadvantage of a loan guarantee is that the property put upas warranty can be revoked if the loan is not paid aspromised. The dollar value of the collateral does nott matter at the time, but after it is sold, the lender must return any portionabove the payment of the loan amount.


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