cancel
Showing results for 
Search instead for 
Did you mean: 

applying for a secure loan at a Credit Union

tag
Anonymous
Not applicable

applying for a secure loan at a Credit Union

i was just wondering is it possible to use a CD to secure a loan at the credit union that the CD is at?
Message 1 of 2
1 REPLY 1
llecs
Moderator Emeritus

Re: applying for a secure loan at a Credit Union



ruggiero06 wrote:
i was just wondering is it possible to use a CD to secure a loan at the credit union that the CD is at?

Yes, but it is up to the lender to offer that deal. One of my banks does do that. The only secured product they offer is a $2k CD for a $2k secured loan. But you'd have to check with your bank.
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.