Share Secured Loans and CD Secured Loans
Do you need to establish credit? Community First Share or CD Secured Loans are connected to money already in your account and allow you to build credit or rebuild and improve your credit score. Benefits include:
- Allow you to leverage your own funds (Funds used to secure the loan are frozen up to the loan amount)
- Rates are usually reduced and lower than other types of loans
- Rates are typically lower, because they are tied directly to the share account dividend rate.
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