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I’ve always wondered, how do you pay off the loan then? Or do these loans not require making regular payments?
by cstejerean 5y ago
I’ve always wondered, how do you pay off the loan then? Or do these loans not require making regular payments?
- somebodythere 5y agoYou are right about the loan not requiring regular payments. As long as the balance of the loan including interest is substantially more than the amount of posted collateral, the loan can be rolled indefinitely.
- selectodude 5y agoYou only have to make payments if the value of your collateral falls below a certain value. Called a margin call.