1. The average collateral loan amount nationwide is $100, according to the National Pawnbrokers Association. This shows that collateral loaning is often used to help consumers obtain a small source of funding. Pawn shop customers tend to borrow only what they need, and often use the funds as a safety net in the case of […]
Tag Archives: collateral loan
A collateral loan is a loan secured against something you own, and it never affects your credit. Collateral loans are becoming more popular in an era of slow economic rebound and little available credit. One of the reasons collateral loans are popular is there is less risk in obtaining a collateral loan than other types […]