Is it really acceptable to use the item being purchased as collateral on the very loan taken to buy that something?

Beverly S2017-10-05T20:51:51Z

Of course. That's what car loans & home loans do. If you don't pay, they repossess & sell the car or house. Whatever balance is due after the collateral is sold they sue you for.

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Casey Y2017-10-05T14:35:57Z

Yup, that's what mortgages and car loans are.

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Anonymous2017-10-05T11:09:08Z

I am living in the northeast u.s.a.; most of my professional time has been spent as a technology instructor. '

Either that or you are a bored 12 year old.

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Anonymous2017-10-05T10:55:58Z

Yes it is.

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