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"Does anyone know against what security these loans are...

  1. 6,716 Posts.
    "Does anyone know against what security these loans are advanced?"


    Good question! On TV shows ( like the Simpsons ) you see the repo men come round to people's houses and walk out with the big-screen TV's. I guess that happens here, I dunno. I also dunno what a used big-screen TV is worth.

    Maybe not so easy to rip out installed carpets, kitchens etc which I suspect most of that borrowed money is spent on.
 
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