Alright, so, many people have been asking for loans, providing completely no collateral, or not knowing what collateral is. I saw Nimda make a small post on it in a loan topic, but figured I've seen this having explained so many times I figured I'd make a quick topic on it.

What DOES count as good collateral :

• Shares on Bitfunder,btct, or any other site you can transfer shares over. It's best to use shares that don't fluctuate heavily in value.
• Something that can be sent over the internet but has value, or easily be traded in for cash. I don't have much experience with this type of collateral, so I have no good examples of this, sorry.
• Something that can cheaply / easily be mailed back and forth, this could be anything with value, a small bar of gold,silver, or your phone in example.

What does NOT count as good collateral:

• Your accounts on anything like Steam, or any other game site. Why? First of all, it's an account, they're not that easy to sell and while you may have 1,000$ in value on there it is not worth 1,000$. Also, you still most likely have e-mail access to it, and you could go to support saying you got hacked. Also, most Terms of Services do not allow the trading of accounts. This is a bad way to provide collateral and I doubt anyone would accept this.
• ID card, or any other personal identification. This is great information to supply upon getting a loan, but this is NOT collateral. Often people do offer it as collateral but generally it is not worth much, because the worst you could do is find personal information and post it online, which is nasty, but some people won't mind, or use a fake ID.

Tell me if I missed anything. Just figured this is a quick good small guideline.