First Heritage Credit

First Heritage Credit accepts various types of personal property as collateral for a personal loan, according to a representative. Exactly what types of property are accepted depends on the discretion of your local First Heritage Credit branch. Automobiles are one common type of collateral. The purpose of collateral is to make sure the lender has a way to recoup their money if you're unable to pay back the loan. In other words, First Heritage Credit will take possession of your collateral if you default. If you decide to take out a loan secured by collateral, you should make sure that you're very confident you will be able to pay the loan back.

You can cash a First Heritage Credit check at the bank where you have an account. You could also cash it at any other bank that accepts check cashing for non-customers. However, in this case you might have to pay a fee.

First Heritage Credit does not specifically offer "refinance loans," but it does offer general purpose personal loans that you can use for nearly any purpose, including refinancing other debts. After you get the money from First Heritage Credit, you can use it to pay off the original debt.

Keep in mind that refinancing an existing debt is only worth it if you can get a lower APR on your new loan.

First Heritage Credit does not disclose a particular minimum credit score needed for a personal loan. However, like most personal loan providers, it will check your credit report during the application process. In addition, it will look at other factors like your income and employment status.

First Heritage Credit offers the possibility of secured personal loans, which are generally available to people with bad credit. If you would like to talk to a representative for more information, the customer service number for First Heritage Credit is 800-844-2499.