no, there is no colateral per se, just proof of income required. they'll give you a $300 loan if you can just prove you have a job, then you have to pay back like $40/week for the next 12 weeks. but your job wasn't enough this week, so it won't be next week either... the late fees are a real bitch, like $25 per late payment. you can end up paying back thousands on a $300 loan. and they prey on the poorest and least educated. its fucked lol, society is collapsing