Cryptocurrency Q&A
What Cannot be accepted as a collateral?
What Cannot be accepted as a collateral?
BlockchainBaronessGuard
Sun Oct 27 2024
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6 answers
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I'm trying to understand which items or assets cannot be used as collateral when applying for a loan or a similar financial transaction. I want to know the specific restrictions or limitations on what can't be accepted as collateral.
6 answers
Federico
Tue Oct 29 2024
The range of collateral lenders typically accept is diverse.
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BitcoinBaroness
Tue Oct 29 2024
One common type of collateral is cars, but with a specific condition.
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Carolina
Mon Oct 28 2024
Retirement accounts, however, are generally not accepted as collateral.
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Lucia
Mon Oct 28 2024
The car must be fully paid off before it can be considered as collateral.
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CryptoPioneer
Mon Oct 28 2024
Another form of acceptable collateral is bank savings deposits.
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