whats the type of loan where u use your won money as collateral?

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whats the type of loan where u use your won money as collateral?

my credit sux and i wanna get my numbers up

2006-10-05 07:17:38 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit

3 answers

secured loan

2006-10-05 08:39:34 · answer #1 · answered by loveholio 5 · 0⤊ 0⤋

It's a Secured Personal Loan Or a Debt Consolidation Loan

2006-10-05 07:23:13 · answer #2 · answered by webwriter 4 · 0⤊ 0⤋

You can usually get these from a bank or credit union-- they can have you either deposit cash into a savings (and then freeze it to 'hold' your money) OR you can buy a CD and then let them hold that as collateral, and make loan payments.

2006-10-05 08:36:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋