Are all these balances with the collection agencies current? like you have not paid them and still owe them?
If you can pay cash but want to rebuild I don't understand why you say I don't want to tie all the money up until loan is paid off... you just said you could pay cash if you had to!
second, if you are trying to rebuild and you do this secure option, you could technically wait a year or so and apply elsewhere or with them to refinance and move away from the secured?
~Addicts NEW Wallet: (AU)
Navy Flagship Visa, American Express Blue Cash Preferred, American Express Costco, Macy's American Express
~Cards in My name kept Active:
3 Target Cards, Cap1, Best Buy MC, Kays, Von Maur, FNBO Secured
~Cards in Holding AU or Joint: 2 Discover it, Chase Freedom, Bank of America, Navy Federal Cash, Wells Business Credit Card, USAirways Business Card, AA Business Card, Best Buy Store, SAKS, Bloomingdales... I'm sure I'm forgetting something in my car!
