Share Loans, one of the best ways to get your credit back on the positive side AND still be able to take advantage of current offers and purchases.
Share Loans basically take your money and match it with an equivelent amount lent to you by your institution. For instance. If you need $2000.00 for a used car. By having $1000.00 of your money left in a saving account and not touch it, the lending institution will offer you $1000.00 against your savings amount. As you make payments against the $1000.00 you can use the equivelent amount out of your savings.
Its a one to one match and it is a great way to show credit worthiness and responsibility. It is a great way to re establish or just establish credit for a youth just starting out.
The idea was first established by the Credit Union and Co-operative lending institutions.