I hope this isn't a stupid question!

[Anonymous]

So I'm trying to get positive credit.I have 3 secured credit cards but I see that I need atleast 1 installment loan but I know my credit isn't good enough to get one. Is there such a thing to get a secured installment loan through a bank where i take a loan out put that money in a saving as colladeral plus the interest (my money) and when its due they will take the money out of the locked savings account? 

[GApeachy]

Maybe this would interest you:

https://ficoforums.myfico.com/t5/Personal-Finance/The-Quest-for-an-SSL-alternative-to-Alliant/td-p/5...

[AllZero]

Are you eligible for membership to NFCU or do you reside in TX?

[Anonymous]

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@Anonymous wrote:

So I'm trying to get positive credit.I have 3 secured credit cards but I see that I need atleast 1 installment loan but I know my credit isn't good enough to get one. Is there such a thing to get a secured installment loan through a bank where i take a loan out put that money in a saving as colladeral plus the interest (my money) and when its due they will take the money out of the locked savings account? 

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Yes there is company called Self Lender. They have a credit builder loan that is exactly what you described. You can do the smallest amount because to get the boost to your score for optimizing " credit mix" it does not what the size of the loan.

https://www.self.inc

[Anonymous]

all zero I do have NFCU but i have a few bad accounts with them im hoping to take care of soon. I'm a resident of Texas I have a Texas DL but I currently live in Louisiana.

[AllZero]

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@Anonymous wrote:

all zero I do have NFCU but i have a few bad accounts with them im hoping to take care of soon. I'm a resident of Texas I have a Texas DL but I currently live in Louisiana.

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@Anonymous   I would recommend the 5 year SSL at NFCU or SSFCU

[Anonymous]

Will I likely get approved with them I still have negatived outstanding balances with them I’m working on fixing. And it’s 5 years is there some info here on the fourms on that?

[AllZero]

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@Anonymous wrote:
Will I likely get approved with them I still have negatived outstanding balances with them I’m working on fixing. And it’s 5 years is there some info here on the fourms on that?

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You'll have to contact Navy. I don't know your current situation with them.

The link GApeachy posted up thread should give you some guidance on the SSL.