Question by runnercaiti1: Can I get a secured loan if I give them cash to hold?
I want to get a small secured loan and pay it back quickly to improve my credit score quickly… I have no assets to use as collateral but I can give them the money in the exact amount of the loan to have for collateral until I pay it off.
Would they do this?
Best answer:
Answer by Kristina M
I seen another post you made tonight about an apartment, I honestly would not get a loan!
If you want to do something like this it is the same as a secured credit card from a bank.
This is NOT going to improve your credit right away! There are no miracles to fix this like taking on more debt. If there was we would ALL be doing this right now!
Good luck in whatever you decide.
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