Taylor was looking to get a line of credit with the bank and he scheduled a meeting with the loan officer (Tara) a week earlier to fill out the loan application. When he came back to meet with Tara to see if he was approved, Tara asked if he had anything that could be used as collateral against the loan. Taylor doesn't have much in the way of assets, but he was willing to do anything to get this application to be approved.

Tara mentioned that there is one alternative option that would secure the loan. Taylor desperate to get his application approved agreed. Tara tells Taylor t... Show more