But if you need the collateral, how? That's why as a seller, you're insured from scammers and as a borrower, you get access to cash without actually liquidating your assets unless you default.
That's in the agreement of the loan control although there's really no contract just like in the real world where you need to sign.
If the lender will trust you then most likely you'll loan application will get approved and if you otherwise willing to entrust your collateral, that would transfer the risk to you since the lender are insured with the asset he can sell in case you default.