02/10/2017
A more unusual method for obtaining a loan is to use what is called as a Bill of Sale. This is a document that in the UK dates from 1878 and has grown in popularity in recent years. What it means is that anyone can use something they own as security for a loan. In essence they take out a loan against a good that they own, which in theory can be anything. [ 484 more words ]
http://www.cltmag.com/the-legalities-of-logbook-loans-and-bills-of-sale
A more unusual method for obtaining a loan is to use what is called as a Bill of Sale. This is a document that in the UK dates from 1878 and has grown in popularity in recent years. What it means …