Top 5 Collateral Items You Can Use To Get A Secured Loan


A secured loan can be a great solution when you find that you need money in a hurry. You can never predict when an unexpected expense may pop up. From emergency home repairs to paying off medical bills, a secured loan can get money in your hand quickly.

If you have poor or no credit, a traditional loan may be difficult to get. A secured loan is approved based on the worth of the collateral that you can put up against your loan. With an item of value like a car, boat or RV, lenders are much more willing to take the chance on less than perfect loan candidates. The great part of a secured loan is that you maintain ownership of your collateral item as long as you continue to make payments.

If you are thinking about a secured loan, you may wonder what you can put up against it that will bring you the largest payout. There are many private lenders that are willing to approve RV title loans, vehicle title loans or some other type of collateral arrangement. Take stock of what you have and talk to your lender about your options.

Car Titles

If you own your vehicle and it has no current liens attached to it, you may qualify for a car title loan. Once you fill out the initial application, a full appraisal will be done on your car to determine the loan value. You may not get the actual blue book value of your car but it’s not unusual to get a loan for over $10,000. The age, condition, mileage and type of car you drive will all be factored into the loan amount. You can still drive your car as you continue to make your loan payments and get the money that you need now.

RV Title Loans

When the unexpected happens, you may need to make some sacrifices. If you own an RV that is sitting in storage or taking up room in your driveway, you could use it as collateral on a secured loan. A full appraisal will be done on the vehicle to determine the loan amount and you will still maintain ownership while you make your payments. RVs of all ages, styles and sizes can qualify as collateral for a secured loan.


Put your fishing or pleasure boat up as collateral for your next secured loan. Your boat’s estimated value may be more useful to you than it is in the water when you need money in a hurry. Fill out an application with a licensed lender and have a check in your hand the same day. The amount of your loan will be determined by the appraisal value of your craft.

Future Paychecks

If you have a regular job with a reliable income it is possible to use your future paychecks as a form of collateral. With proof of employment and a regular salary, you can use your yet to be issued paycheck help you get a loan now. These kinds of collateral loans may require a bit more paperwork and employment confirmation, but they can still be approved in a few days time.

Investment Accounts

If you have a decent investment portfolio but don’t want to pay heavy penalties for withdrawing early, you can use your accounts as collateral for a secured loan. Your accounts will remain in your name until your loan has been completely repaid. If you default on your loan, your lender will take over your full investment portfolio. This may be a risky move for some depending on how large your investments are, but it is a reliable way to get a chunk of money when you need it.




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