Is there any validity in obtaining a pro-note as a security document if you are going to finance an asset?

Claude Gloden: when you finance items such as furniture, etc the finance co can use the item you are financing as collateral for the loan. If you often referred to as a chattel loan. if you don't make the payments it allows them to repossess the item. This is costly and complicated but it can be done. when you purchase by lease to own they always have a clause that allows them to take the items back if you fail to comply with the contract.