Pledged collateral refers to assets that are used to secure a loan. The borrower pledges assets or property to the lender to guarantee or secure the loan. This means that the borrower still retains the ownership of the property, but the lender has a claim against it.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Yes, many businesses do this to secure loans. It’s a way to boost their credibility without needing to use assets as leverage.
Look around your circle! Friends or family might be willing to step up. Just chat with them about what it entails and make sure they're on board.
The biggest perk is peace of mind. You can make big moves without having to tie up your valuables, making it easier to jump on opportunities.
It's like vouching for someone without putting any of your stuff on the line. You're promising to cover their obligations if they can't do it themselves.
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