NJ secured loan question

Discussion in 'Credit Talk' started by ShyGuy, Nov 27, 2000.

  1. ShyGuy

    ShyGuy Well-Known Member

    Has anyone been about to get a secured loan from a New Jersey bank? I had my Chapter 7 discharged in April, and now I have about $1,000 I can use to buy a CD and secure a bank loan. Does anyone know what banks in the state might be the best to approach about this?
  2. roni

    roni Well-Known Member

    Is NY close enough. I got my secured loan thru Chase Manhattan. But you know what, are you near a Summit Bank. I would try them or First Union. Make sure they report it.

  3. ShyGuy

    ShyGuy Well-Known Member

    Thanks, Roni. There are both a Chase and a Summit in my town.

    I was going to try to open a checking account at Chase, but they said they won't accept any negative ChexSystems going back seven years. I don't know if they have the same policy for CDs and secured loans.

    Maybe I'll stop by Summit and see what they have to say.
  4. roni

    roni Well-Known Member

    NO, Chase doesnot open accounts if you are in chexsystem and without an account you cant get a secured loan. Summit also uses chexsystem. They are the bank that reported me. Oh well. I know First Union does. I cant think of a single bank in NJ or NY which doesnot use it. Good LUck.


Share This Page