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Want to get a loan using vacant land as collateral.

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ibdm0m Joined: 10 Sep 2010 Posts: 1 1.25 Dollars($)	Posted: Fri Sep 10, 2010 1:37 pm    Post subject: Want to get a loan using vacant land as collateral. Like 0 Dislike 0 Looking for loan using vacant land (we own it free and clear) as collateral in Michigan. Credit is not so good, want to pay off debt.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Fri Sep 10, 2010 8:07 pm    Post subject: Like 0 Dislike 0 Hi ibdm, As your credit is not good, it would be difficult for you to qualify for a mortgage using the land as collateral. You will have to improve your credit first and then look out for a loan. To improve your credit score, check out the given page: http://www.mortgagefit.com/credit-rating/credit-repair.html Thanks

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