Vootcoin is not good for collateral you have to pay some good coin for collateral then any one will give you loan otherwise this is waste of time
I guess you could make the case that it isn't good due to volatility, but if you know altcoins, and know what is coming forth with vootcoin, then the trend to come is definitely forward. However, collaterals are more of an insurance policy in case of fraud. I can definitely assure that I am not that. Check me out in twitter if you want some reassurance @ArmaanDorno