I applied for a 20k debt consolidation loan and I received a counter offer that stated they want qualified collateral with a 15% equity position. I'm battling over what that exactly means. I couldn't get in touch with the loan officer so I would appreciate any help. At first I was under the impression that I was done, but I started wondering if they wanted some sort of collateral that was worth 15% of the 20k loan. If that is the case, it is easily doable. What do you all think?