Using Secured Funds as Collateral for Eliminating Debt Obligation

Question: Our applicant paid off their car loan with another loan secured by a CD that they have with their bank. Do I need to count this payment against them or is this like a person using a loan against their 401k? Answer: The payment on this collateralized loan would not have to be counted […]

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Using Secured Funds as Collateral for Eliminating Debt Obligation

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