One of the first things to do when you have recognized you need a loan, is not check your credit score but actually to check the household inventory you submitted to your insurance company. A simple but effective idea to identify a list of possible valuables that you can borrow against.

Many people consider the preparation of a list of valuables for the insurance policy a difficult task as few of us understand what is the market value today and some have not kept the original invoices or valuations. Perhaps, many have been received as gifts at a wedding or birthday or some other speical occassion.

So remember when you are preparing your inventory of household goods. It is an exercise in case you need to make an insurance claim but it is also a source of your personal wealth that can be borrowed against.