Top 10 Types Of Collateral
This is the top 10 types of collateral recognized by most loan providers
. From sports memorabilia to art work and several common types of collaterals. Here is some basic information to aid you get a title loan.
10 High End Bags
Few high end bags like Chanel, Hermes, and Louis Vuitton cost up to thousands of dollars and some financial institutions accept it as collateral.
9 High End Electronics
Computer Equipment for instance desktops, laptops, iPads and computer monitors created by Apple, Dell, Gateway, Compaq, Sony, Epson, HP, and other brands. Small gadgets for instance GPS devices, MP3 players, iPods, digital cameras. Televisions/Video Game Systems brands for instance Samsung, Sony, Mitsubishi, LG, Pioneer, and more. Have you got a gaming system in your house? Gaming systems: PlayStation 3, Nintendo Wii, and Xbox 360 are allowed. Don't forget to bring in the remote, controllers, and cables with your television/video game systems. Top end Stereo Equipment such as speakers, amps, pre-amps, CD players and brands like Denon, Onkyo, Teac, McIntosh, Sony, Samsung, Pioneer, LG, and others. And finally although not the least, mobile phone brands including Apple phones, HP, Samsung, and others.
8 Sports Memorabilia
From Basketball, Baseball, Hockey, Boxing and others, such as Signed jerseys, Signed balls and bats, Game worn clothing (with authentication paperwork) and signed photographs.
7 Jewelry
All types of jewelries especially those that are signed including:
J.E. Caldwell
Barry Kieselstein
Buccellati
Van Cleeft Arpels
CartierChanel
David Webb
Tiffany & Co.
ChanelFaberge
Georg Jensen
Seamen Schepps
Shlumbeiger
Hammerman Brothers
Tony Duquette
Pomellato
6 Diamond
Loose diamonds or diamond jewelry.
5 Antique
Antique Furniture which includes:
Antique Silver (Flatware /Hollowware)
Antique Rugs (Persian/Oriental/Native)
Antique Ceramics and Porcelain
Antique Pottery
Antique Clocks
Antique Metal ware
Asian Antiques
4 Collectibles
Collectors item like:
Faberge Eggs
Coins
Stamps
Comic Book
Sports Cards
Model Vehicles
Valuable Figurines
Star Wars/Star Trek Memorabilia
3 Artwork
Artworks and paintings from these Artists:
Alexander Calder
Martin Grelle
Andrew Wyeth
Mary Cassatt
Andy Warhol
Maxfield Parrish
Ansel Adams
MC Escher
Claude Monet
Pablo Picasso
David Hockney
Paul Cezanne
Diego Rivera
Paul Gauguin
Edgar Degas
Paul Klee
Edouard Manet
Peter Max
Edvard Munch
Pierre-Auguste Renoir
Edward Hopper
Piet Mondrian
Fernando Botero
Rembrandt
Georgia OKeeffe
Rene Magritte
Henri Matisse
Robert Bateman
Henri Toulouse Lautrec
Romare Bearden
Jackson Pollock
Roy Lichtenstein
Jacob Lawrence
Salvador Dali
Jasper Johns
Sandro Botticelli
Joan Miro
Vincent Van Gogh
Marc Chagall
Wassily Kandinsky
Mark Rothko
2 Cars
Cars are classified as the most acknowledged collateral not just because of its value but due to the fact it's easy to resell - this is according to most loan companies. Applying loan on your car title is quite easy that most applications get easily approved.
Car Brands which includes:
* Acura
* Lamborghini
* Aston Martin
* Lexus
* Audi
* Lincoln
* BMW
* Lotus
* Bentley
* Maserati
* Buick
* Mazda
* Cadillac
* Mercedes-Benz
* Chevrolet
* MINI
* Chrysler
* Mitsubishi
* Dodge
* Nissan
* Ford
* Porsche
* Ferrari
* Saleen
* GMC
* Scion
* Honda
* Suburu
* Hyundai
* Suzuki
* Infiniti
* Toyota
* Jaguar
* Volkswagon
* Jeep
* Volvo
* Kia
1 Land title
Some states do not allow Land Title as collateral, but for individuals who have nothing left but their homes and need to pay a debt or medical payment, this is their final option.
Getting a loan shouldn't be tough if you provide the above mentioned items. So take a look around your home - who knows when you will need a loan right?
by: Garett Tarbell
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