Okay, my credit has taken a hit this year.
I have about 28 acres that I own in another state, that I don't want to sell because of family reasons. I own the land free and clear.
I went into a bank yesterday with the deed for one lot that is worth about 8k, thinking I would be able to use it as collateral on a small personal loan. They told me they could only use tangible items as collateral.
Is there a way I could use the deed to get a small (2-3k) loan, with bad credit?
Any help is appreciated.