5 min read · Loan Default
Turning Gold into a Loan: Smart or Not?
Today, we delve into the glittering world of finance by trying to understand the link between gold loans, credit scores, and points to consider before you take the loan. Do you possess a collection of gleaming gold treasures, but suddenly, you need to utilize these treasures as collateral for a loan? This opens a door to a world where your credit score takes a backseat. “How does that work?” you may wonder. Let’s understand the connection between gold loans and credit scores before we proceed.