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Inheritance Question

Asked Aug 5, 2003, 02:41 PM — 1 Answer
I'm 17yrs old and I'm trying to buy a new car but obviously I can't get a loan...I recently inherited $32,000.00 but I am not able to access this until I'm 21 stated by the will and the Certificate of Deposit...I called my bank and they told me I could get a secured loan with a CD as the Collateral with anyone over 18 because they don't look at the persons credit...Would it be against the Will or against the Law to use this money as collateral? Thanks a lot

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rrt69 Posts: 90, Reputation: 0
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#2

Dec 19, 2003, 10:09 AM
Re: Inheritance Question
Collateral always comes with a price. It your desicion however but I think it better to wait.
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