How does collateral help assure repayment?

How does collateral help assure repayment? How does collateral help assure repayment of a loan? If you don’t pay back the loan, the creditor keeps the collateral. Debt, and interest rates if you don’t pay back the loan, and it’s often misused. What is property that is pledged to guarantee repayment? Collateral, a borrower’s pledge … Continue reading How does collateral help assure repayment?