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

my credit sux and i wanna get my numbers up

Answer:
secured loan
It's a Secured Personal Loan Or a Debt Consolidation Loan
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.

The answers post by the user, for information only, BAnswer.com does not guarantee the right.

Other Questions and Answers:
  • where are the currency manufactured? which factor determines the value of the currencies?
  • i need loan i have bad credit history and i have just moved my house as well loan amount is 1500£?
  • what is the best way to transfer money to Egypt?
  • What happens when someone has finished paying a trust deed off? and how long before they can get credit?
  • Advice on paying off charged off accounts on credit report?
  • what number I use to call Rome in Italy?
  • Does anyone in the Yahoo Answers community work for an FHA lender?
  • Credit Scores??