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Question
could you use ISA fund holding as a collateral in a secured loan? I have been told I can't by HSBC. I have poor credit rating because I earn NMW whilst living in Company accomodation with free food.
By raymond l Posted on 08/20/07 Total Answers 4
Answers-
No because you don't actually have it.
Answer by : angler On Date 2007-08-20 15:47:32

I dont think so. I think you need something non fluctuating and more liquid
Answer by : fishshogun On Date 2007-08-20 15:48:36

Not likely. The obvious path to follow, would be to cash in the ISA. You could pay more interest on a loan than profit gained from your ISA.
Answer by : Pheasant Plucker On Date 2007-08-21 04:25:44

no!!!
Answer by : ed m On Date 2007-08-24 12:14:54

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