Quote:
Originally Posted by mrreality68
Hi
I am sure you do not have to put money down to borrow money. Basically they will loan you up to 60% of the value of your cards that you have in their fault. This way if you default on the loan they have your cards already but can take possession of it and then sell it. And the 40% covers them and their expenses and the loan plus interest you have paid if you did not default
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But if you're buying new cards, then you don't have them in the vault yet. So it's unclear to me how PWCC would lend you cash to buy new cards that you haven't yet put into their vault. I suppose if the seller already had them in the vault, and PWCC was just moving them over to your account, then maybe PWCC would lend you the money to buy that card, and you could just put 40% down and borrow the rest.