How does a secured loan work?

secured loan

I’m looking to start up a business, and borrowing money from my dad. He has the liquid, would a secured loan be good or a business loan?
10k loan, he has the funds I just need it for 6 months or less. It will be paid in full then.

Passive Income

How Long Does It Take To Get a Secured Loan?

secured loan

Does anyone know how long it takes from the application to receipt of money for a secured loan?

Quick Property Sale
secured loan

i won a 35,000 dollar personal injury lawsuit which has not been paid yet. my attorney filed for a judgement lien on the property. there has been a lien on it for awhile and i’m starting up my own business and need some working capital’but my credit is poor. can i use the judgement lien as collateral on a secured loan. thank you for your time.

Quick House Sale

Can a savings secured loan help improve my credit score?

secured loan

I appreciate everyone that uses their time to answer my question. Thank you all in advance. Now, I have kinda o.k. credit, but it could be better. I have a few thousand dollars that I can use, and I thought “why not put it into a savings account and then get a savings secured loan against it? That way, I could show on my credit report that I can make payments on time.” Does this sound like a good idea to any of you? If you would, please tell me the how and why this will work, or not work. And how it is that you came about the answer you gave. Thanks so much.

Dustin

Sell and Rent Back

How exactly does a secured loan work?

secured loan

If I got a secured loan against my home and I sell me home, do I have to pay my unsecured loan off when I sell my home? Or can I continue to have my loan and pay it off every month for the term of the loan?
No, I am not talking about a home equity loan. A secured loan against my home- do I pack that back when I sell my home or not?

Repossession
secured loan

I know you have to pay on time and keep the balances low. But Im curious can it be done in a few months or does it take years. Also If you have low balance loans with very low balances, will addition secured loans help your credit score?

Passive Income
secured loan

My 82K mortgage has come to the end of a fixed term and I want to remortgage. I have recently taken a 18.5K secured loan. I earn 22K. Will the loan effect my remortgage?

Real Estate Professionals

How does a share secured loan work?

secured loan

And would this help build my credit or not? Does it use the money you already have in your share account? If so, is this purely a loan to build up your credit or can you actually get more money than what is in your share account?

Rent Back Fast
secured loan

i’ve got 800 dollars would it help my score more to get a secured credit card or to get a secured loan. also if i put my husbands name on it will it get reported to both our reports or just the first person on the loan

Repossession

How does one obtain a secured loan?

secured loan

I have a vehicle and the title is my name. there are no liens or charges against the car. I would like to obtain a loan against the car. Anyone know any respectable companies that offer loans against non-real estate fixed assets? What is the ballpark of interest rates on such loans?

Repossession
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