Determine Your Available Collateral
To get a loan and to secure it, you need collateral, which is what you promise to give the bank if you do not pay back the loan. You can use the following as collateral for a loan:
A savings account
Investment Accounts, like a 401K or other personal retirement accounts (IRA)
The following cannot be used as collateral:
Store credit cards
Household items that you already own are not accepted as collateral. However, items you buy on credit and do not own may be considered collateral.