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What are the benefits of a CD Secured Loan?

The benefits of a CD Secured Loan include

  • Lower Interest Rates: Because the loan is secured by your CD, the interest rates are typically lower than those of unsecured loans.
  • Credit Building: A CD Secured Loan can help you build or improve your credit score through consistent, on-time payments.
  • Preservation of Savings: You can access loan funds without breaking your CD and continue to earn interest on it.