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payday loan horror stories – If the borrower does not repay the bank like he promised, the house will be taken away in foreclosure. Much the same way, an automobile is collateralized by the car dealer or bank when lending the funds. If the owner does not make the regular payments, the car will be repossessed by the lender. A cash loan company is no different. There are many acceptable forms of collateral to obtain quick cash advances.
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