Since I'm not able to get a CC currently due to my credit does anyone think I could get a LOC secured by a vehicle title??
I've got something I need money for that I've run out of all my options. My final option would be a payday loan or such type but I was in payday loan cycle about 3 years ago & vowed never again.
I own outright (because I financed it with a personal loan to myself from my 401(k) account) a 2006 Kawasaki KLR650 motorcycle. It only has about 100 miles on it & has a ton of upgrades so I'm sure its worth even more than the $5,000 or so I paid for it 3 years ago. Would a bank give me a small line of credit if I secured it with the title?? Like maybe $2,000-$2,500??
Possibly, it would depend on bank and your credit.
Some LOC are not secured.
You might try for a installment loan as well.