THERE ARE PROBABLY MORE PEOPLE with bad credit in this world than people with good credit.
If you’re either type of person you may want to consider borrowing collateral to make your credit stronger or to reduce your interest cost (if you have a good credit score).
With this asset now on your balance sheet, you can present a strong financial statement to any lender you want to deal with who makes the type of loan you seek.
This will enable you to get a faster YES answer because you’re “a strong borrower” with the collateral that the type lenders love to lend to.
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K-11 : The IWS Loans by Mail Success System Kit
The IWS Loans by Mail Success System Kit is one of the most popular and profitable Kits that we offer! The IWS Loans by Mail Success System Kit shows you how and where to get business, real estate, and personal loans for yourself and others by mail. This comprehensive package lists hundreds of lenders who loan by mail. Many of these lenders give unsecured signature loans to qualified applicants. Best of all is that you can easily translate this to the Internet for sourcing both clients and new lenders!
WHAT KIND(S) OF ASSETS CAN I BORROW, AND FROM WHERE?
That’s a good question.
Here are your answers that you can use today:
| Asset Name | Possible Source |
| Actively traded stocks or bonds | Stock brokers and investment bank |
| Real Estate: raw land or buildings | Owners: individuals, firms |
| Precious metals and jewelry | Companies: individuals, firms |
| Bank Accounts and Certificates of Deposit | Individuals and estates |
| Accounts Receivables | Companies and Individuals |
| Settlements, such as lawsuits and estates | Attorneys and estates |
| Legal lottery winnings | Individuals |
HOW CAN I CONVINCE SOMEONE TO LEND ME their assets to use as collateral for a loan?
Another good question.
Here’s how you do this selling job to get successfully the collateral you need:
- Prepare a Business Plan showing how you’ll use the money you plan to borrow with the asset(s) as collateral.
- Show how your business will grow from the first year through its third year. Present the numbers, such as sales and profits!
- Give a step-by-step schedule of your Loan Repayment Plan, detailing how, and when, you will repay the loan you’ll use the collateral for. Show exact dates on which you will repay.
- Provide a collateral “Freeing Up” Plan that shows what percentage of the collateral will be available, free and clear, to the supplier, as you pay off the loan — 10%, 20%, 30% etc.
- Present your Business Plan to owners, firms, estates, stock brokers, etc. who have access to collateral. Offer a 5% fee to the provider.
If your Plan looks attractive and promises safety of the collateral, you have a good chance of getting your “asset” to secure your loan.