Are Collateral Loans Safe?

A confused woman with an empty wallet. Is it safe?

Are Collateral Loans Safe?

“Are collateral loans safe?” you may be asking. The Answer is: Yes. Collateral Lenders are heavily regulated with strict penalties and fines for not operating within the confines of the law. These loans are safe, secure, and beneficial.

Who regulates collateral lenders?

Not only are we regulated by several federal laws that apply to other financial institutions, we are also regulated and audited regularly by The Department of Banking and Consumer Finance here in Mississippi. Collateral Loans are nothing to be ashamed of and are in fact used by millions of people that need fast, short term loans for emergencies as well as every day issues and expenses that arise.

No negative credit effects

On a national average over 70% of customers redeem their collateral. Those that don’t or can’ suffer no negative consequences to their credit or ability to make another loan.