How to Borrow Against a Certificate of Deposit

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How to Borrow Against a Certificate of Deposit – This is a place for the community to provide tips and advice on How to Borrow Against a Certificate of Deposit. This topic was created by sean richmond and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How Do I Borrow Against a Certificate of Deposit?

Published: 9 years, 6 month(s) ago | Submitted by Michael Nielsen | permalink

Sometimes people who need money but have their assets tied up think they have to sell an asset or cash in a CD. That's not necessarily true. You can borrow against most non-IRA assets and pay ...

For further reading: http://budgeting.thenest.com/borrow-against-certificate-deposit-3665.html ^[1]

Tip 2 - Can You Borrow Against a CD Investment?

Published: 9 years, 6 month(s) ago | Submitted by Michael Catania | permalink

When a consumer takes out a loan, the lender will often base it upon the borrower's credit, income and employment. This is considered an unsecured loan if there isn't an asset attached to it. ...

For further reading: http://finance.zacks.com/can-borrow-against-cd-investment-2735.html ^[2]

Tip 3 - Borrowing Against a Certificate of Deposit | GOBankingRates

Published: 9 years, 6 month(s) ago | Submitted by Melanie Moreau | permalink

You need money but you don't want to touch the principal on your CD. It is possible to use your CD as collateral for a loan. Learn how you can do this.
Tags: cd rates, high interest cd, cd interest,cd accounts tips borrowing,cd rates tips

For further reading: http://www.gobankingrates.com/cd-rates/borrowing-against-certificate-deposit/ ^[3]

Tip 4 - You can use CD as collateral for a loan

Published: 9 years, 6 month(s) ago | Submitted by Salvatore Labonia | permalink

THE Q:The credit crisis has made getting a loan a little more difficult these days.Frank Micriotti of Middle River wants to know why more people don't take advantage of certificate of deposit...
Tags: news

For further reading: http://articles.baltimoresun.com/2008-07-29/business/0807280113_1_cd-loans-collateral-loan-secure-a-loan ^[4]