Sentences with phrase «collateral for the loan instead»

Signature loans work by putting in your signature as collateral for the loan instead of an asset.

Not exact matches

These work similar to home equity loans except instead of putting your house up for collateral, your commercial real estate or equipment is at stake.

But here's the real kicker: When you take out a policy loan, you're borrowing from the insurance company's general fund, NOT from your own cash value directly, which instead is simply the collateral for the loan.

Upon retirement, rather than withdrawing the investments as income, instead the policy is used as collateral for a loan.

Instead of relying on your credit rating, the lender uses your car as collateral for High Point title loans.

Instead of getting a home equity loan and borrowing money against the value of your house, opt for a no - collateral personal loan.

If you're not a great candidate for a loan now, work on repairing your personal credit now instead of offering up your spouse's credit as collateral.