⭐ Merited by PrimeNumber7 (1)
Who says it worths $1300? You?
I'm guessing that number comes from GoDaddy or some other similar service that is using inflated estimates to coerce people into registering more useless domains.
This is closer to the real value:
Source: https://www.estibot.com
I agree, I will never take a domain as collateral after losing 5 BTC in a similar case, during the takeover estimates was >$50k , but later (after borrower run away) I could't sell it at any price.
Be very careful with this type of collateral.