astral_man replied to the topic What is bad with Cross Collateralisation in the forum No Subject 17 years, 8 months ago
re X colateralisation. I’m new to all this but….No one has mentioned the “All Monies Clause” that Banks employ. My understanding is that with a X C loan set up, the bank, under the all monies clause, can acess all and any of your assets to recliam thier loan. Not good. I also believe that they will only stretch finance about as far as the…[Read more]