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Personal loan
Stolen item as collateral
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[QUOTE="Alexandoy, post: 119798, member: 25510"] Let me share this story of a friend who was borrowing money from me. He would pawn his watch if I could lend him a big amount. The watch looked original and during that time the watch is considered to be more than a jewelry item. But I declined because I did not have $200 that he needed. He went to another friend and got a loan. After some time the friend called me. He was in search of the borrower because the cops came to inquire about the watch. Oh no, it was stolen from the owner. The borrower was gone and fortunately the lender was not arrested and the case was settled amicably by giving back the watch to the owner. That is a neat lesson to me. [/QUOTE]
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