| Question about :
Secured_Loans |
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My bank doesnt offer secured loans only secured cards is going to not make my credit as high when im trying.. ?
to rebuild my credit as high as possible. im worried the card wont be enough? help
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| By
krissy |
Posted
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06/17/11 Total Answers
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Why don't secured loans make sense to me?
Ex: You deposit $10,000 in a 2% cd
You take out a loan at 8% interest on that money
The $10,000 cd is locked and you get $10,000 in cash
Repayable in 1 or 2 years
The cd carries 6 months worth of interest as a penalty
But still, you would come out ahead just taking out the money.
When, oh when would a secured loan make sense?
Is the only reason so people can establish credit?
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| By
Angry Bird |
Posted
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07/15/11 Total Answers
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Are vehicle secured loans safe to pay off credit card debt?
Me and my fiance are getting married but i have a feeling it will have to be delayed till i can get my credit cards paid off, I will have my car loan paid this year but the financial banker guy told me that i could use my car loan as collatoral and take out a loan through them to pay my credit cards off, most of cards are 15-30% and i just can't keep up now, i don't want to compromise my car loan because i have done awesome with it.
Please let me know if a vehicle secured loan is a way to go, i am scared that it will ruin my credit showing that i couldn't pay my car loan, but at the same time my credit rating has decreased because of the number revolving cards i have.
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| By
sarah g |
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04/03/07 Total Answers
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Secured loans on property sale?
If you had a property and the mortgage was for £40000 and you had 2 secured loans of £26000 and £10000, and you sold the house for less than the total secured debt, what would happen? Can the secured loan stop the house sale?
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| By
tenko cowboy |
Posted
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09/17/11 Total Answers
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Credit rebuilding help...my bank doesnt offer secured loans....?
Im trying to rebuild my credit. my bank doesnt offer secured loans. i was planning to take out a secured loan and a secured credit card. that way i had 2 types of credit lines. anyways...i can now only do the card. is this going to make a huge difference in my score? will a secured loan boost my score up tremendously more? help
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| By
wondering |
Posted
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06/15/11 Total Answers
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Are thier non secured loans out thier for people with bad credit?
I have multiple charge offs steming from about 5 years ago, 2 of which are in the process of taking me to court. This was prior to college. I now make close to 68,000 dollars a year, and am in the process of paying 350 a month to a charge off, and 500 a month to old college loan. I currently have 3 small credit cards which I am making current payments on, to establish a recent good payment history. Currently my fica is 609, 561, and 591 respectivly.
After I pay off one of my 5k charge offs, and am no longer in default on my college loans (about 3 more months for both) and continue current payments on my 3 new credit accounts... Do you think I can get a loan for 10thousand to settle with the rest of my charge offs and finally take care of this problem?
Thanks
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| By
sourcheese |
Posted
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12/25/06 Total Answers
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Reputable companies for secured loans?
We're trying to rebuild our credit. We would like to take out a secured personal loan, with our vehicle as collateral. Is anyone familiar with a reputable company we could go through?
Thanks BD! Great info, very helpful! We have money saved up and were told that if we got a small loan and repayed it quickly, it would improve our score. Any suggestions on reputable secured credit cards?
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| By
Lil Ole Me |
Posted
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04/03/11 Total Answers
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secured loans credit counseling?
could someone please refer me to a credit counseling service that handles SECURED loans - such as upside down car loans? your help is greatly appreciated. thank you.
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| By
BERTRAM E |
Posted
on
12/11/09 Total Answers
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Is going bankrupt the best option when I can't pay my mortgage or secured loan?
After separation from her husband my friend has got into financial difficulty with mortgage payment as well as the secured loan on the property. She currently has an IVA with for the unsecured loans which cannot take into account the secured loans. All the loans are in joint names. If the mortgage cannot be paid or the secured loan would going bankrupt be a viable option as the house has been on the market for just over a year & has not sold.
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| By
biaritzlounger |
Posted
on
11/12/08 Total Answers
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does a federal tax lien take priority on fully disbursed secured loan?
bank gave 2 secured loans in 2005 to company A. One was 1 million used to buy equipment for the plant. the second one was line of credit partially used to buy a truck and then a later draw to buy raw material. Company A failed to file taxes end of 2005. In 2007 the irs filed a tax lien. Does the tax lien take priority over the security interest on 1st loan. Does it take priority over the truck; how about the draw used for raw material?
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| By
Dana S |
Posted
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11/07/07 Total Answers
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Are auto loans unsecured loans or secured loans?
Auto loans are:
a. secured loans
b. unsecured loans
Thank you!
"good grief"? Really? Like you knew what secured and unsecured loans were your entire life...? No, you didn't. Jerk.
Thanks for the answers! :)
(Other than the good grief guy)
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| By
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Posted
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05/15/11 Total Answers
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What happens if you don't pay a secured loan?
My husband has 2 secured loans at two different independent loan places. We've been paying on them for years, but recently have had severe money problems and can't pay the amount due monthly. The secured items were TV's (since broken and replaced) digital camera (broke) computer (fried and replaced) things like that. They never took serial numbers on these things, never took pictures. Could they come back and take our replaced items (like replaced TV and camera (given as gift) there wasn't a title loan or anything. What are our legal rights, if they threaten to take these things?
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| By
Sugar |
Posted
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06/10/10 Total Answers
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What can I use as collateral for a secured loan?
I am aware that people use cars and houses as collateral for secured loans, but what else can you use as collateral?
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| By
Lo |
Posted
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06/08/10 Total Answers
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are personal loans secured loans?
are personal loans secured loans?
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| By
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Posted
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08/31/10 Total Answers
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what are some of the procedures for a secured loans?
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| By
theresamartin0911 |
Posted
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04/18/06 Total Answers
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Using share secured loans and secured credit cards to rebuild credit?
BACKGROUND: My equifax score is 516.. I just raised 61 points from 455 in the last 30 days by "cleaning it up", my total credit is 24,000 with 17000 outstanding.. or about 74% maxed..12,000 of that balance is a car loan I have beverages been late on and have had it for 10 months
now my question is: I want to lower my credit use ratio.. to under 50% will this increase my score? And if so by how much?
My plan is this: use my credit unions share secured loans.. I just got 1 for $1,000 and can get as many as I want essentially with the same $1,000.. I want to get at least 10 of them ($10,000 worth) pay 1 or 2 months then pay one off get my deposit back and pay the next and so forth until they are all paid off in the second month..
I am also getting a $2,000 secured card next week.. thus will bring max credit to around $36,000 and ill be below 50% usage..
Any questions remarks or ideas are appreciated..
(Note: I cannot just use my funds to pay the balance down directly because I own anindoor flea market and need the funds to pay the vendors and bills at the end of the month.. but I can leverage it in the mean time and this situation is no risk)
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| By
Scott M |
Posted
on
03/11/11 Total Answers
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| Question about :
Secured_Loans |
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