do i get back my collateral 
if you have any assets being used as collateral on a loan and don t miss any payments you won t lose your collateral however if you fail to make payments on time and ultimately default on your loan the collateral can then be seized and sold with the profits being used to pay off the remainder of the loan the bottom lineyou risk losing your collateral if you fail to pay back your debt so to ensure you keep your car home or any other valuable asset being used as collateral on a loan always make your payments on time to minimize any possibility of defaulting on your debt 