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by Cyndeedawn on December 26th, 2008

Cyndeedawn

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Can I get a loan against my annuity or can I find a Bank that will use my annuity as collateral? my 328.00 a month is not any help right now! I could sell my annuity but they only want to give me half.

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Answers. 1 helpful answer below.

  • by fins.up on December 27th, 2008

    fins.up

    most likely, you will only be able to borrow a percentage of what you annuity is worth. The bank will want to make a profit if they have to take possession of it and need to make a profit.
    Look into student loans maybe if you are taking part time classes even. The extra money can be used for related expenses like travel, computer, etc.

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