Question by donyea k: looking to do a secured personal loan that reports to the credit bureaus?
does anyone know of any banks that do secured personals that report to all credit bureaus regardless of credit?
Best answer:
Answer by Dr. Deth
what are you securing the loan with?
Add your own answer in the comments!
most anyone will do a secured loan even with bad credit.
with a secured loan you give them the money you will be borrowing. then you make your monthly payments, if you cannot make the payment on time, they take the money from the savings you turned over to them to make the payment. Now you are paying on time therefore securing your loan as a start toward good credit.
most banks and credit unions will do this. do you have a credit union with your company? you also can do a secured credit card.
call some of your local banks and finanical institutions.
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