Will i be approved for a personal secure loan?

my current credit score is 662(equifax) and i have 6 accounts with 1 account close to credit limit(1500 limit- 1150 revolving credit)the other 4 accounts are credit card accounts and the last is a auto loan. i have never been late on any payments since opened. i do not have a long credit history, about 4 years old. the last month i paid a lot towards all cards to bring down limit. my question is do i have a shot at taking out a secured personal loan for 50,000 with using my fathers auto as collatoral. his car is financed and is currently still making payments on it. the car is currently worth about 15,000. if you think i have a chance can you please list if you know of any reliable lenders who will approve me.

Answers:
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If your credit history is good and you appear to have a good credit score now, I do not see why it would not be approved. Banks also want to see that you can pay it back with interest and if you are paying other loans while you are paying for this one, they want to see that you have a well paying, stable job. I actually would recommend Bank of America, if you are in this situation.
But if you do not have a stable, well paying job, you will not get the loan especially if you are paying a $50,000 loan for a $15,000 car which any bank would say no to the loan. Because if you get fired and have no money left, they have to sell a $15,000 car to compensate for $50,000. You can probably get a small bank that will give you the loan with a high interest rate (for example, 10% interest rate). Hope this helps.
Good luck.
Hello,
This is Mr Terry Ballack.I am a legitimate loan lender who gives out loan at a very low interest rate of 3%.Are you financially down?Do you want to pay up your bills?Do you have a very low credit score and you do not have a job.Come today and apply for a loan for a minimum duration of 12 months and a maximum of 14 years.I do give out loans from the range of $3,000 to $10 million dollars.I will be expecting your mail oon with the amount of loan you need so that my loan terms and condition can be emailed to you.Contact me via email at terryballacklender@yahoo.com

Thanks for your understanding.

Mr Terry

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