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Debtconsolidationcare.com - the USA consumer forum

Principal-Financial.com

Date: Thu, 10/26/2006 - 14:53

Submitted by sonyamay16
on Thu, 10/26/2006 - 14:53

Posts: 17 Credits: [Donate]

Total Replies: 8


Has anyone ever heard of this company? They have approved me for a collateral loan, but i'm not sure they are legit or not.


Some property to secure the loan from the bank is called collateral. It can be your car, house, investments, etc..If you default in the payments, the company can recover the money from the collateral you pledged while getting the loan. This is risky because you can't afford to miss the payments when you get the loan from a financial institution.


lrhall41

Submitted by BuildingWealth on Thu, 10/26/2006 - 15:25

( Posts: 491 | Credits: )