What exactly is a CD loan? How does a CD secured loan work?

<title>What exactly is a CD loan? How does a CD secured loan work? </title> <p>Mike Kemp/Getty Images</p> <p>For those who have a certificate of deposit, you may be eligible for a protected loan to obtain the money you'll need. </p> <p>CD-secured loans certainly are a great method to get reduced interest levels for a loan that is personal. The lender can recoup its losses by way of the CD with the certificate of deposit acting as the collateral for the loan, lenders normally offer better APRs because even if someone defaults on a CD loan. But, it is essential to know that after you straight right back that loan by having a CD, you chance losing that certification should you neglect to make re payments. </p> <h2>Get pre-qualified</h2> <h2>So how exactly does a CD secured loan work? </h2> <p>Some sort of security typically backs a secured loan. The house serves as collateral for example, if you

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