Cash secured loans have a lot of alternatives. A secured credit card is the financial product that most closely resembles it. These are linked to a deposit account, and the balance of your deposit account determines the credit limit. If you don't make the payments, the money is just deducted from your account. A credit builder loan is an additional option. Similar to a cash secured loan, this operates by requiring repayment before you may receive the money. When the loan is repaid, your lender will place the money in a savings account from which you can withdraw it.