I checked with HSBC (my bank) and they said for a secure loan it is unlikely I will be asked for income records, which is good since I have not worked for two years (home care for Dad, we have health aid finally).
Questions:
1) Does a paid/paying secured loan look good, bad, or just not as good as unsecured?
2) Does paying off a loan early (I plan on taking out a 12-month loan and paying in 6) help or hurt?
3) Is this a good idea in general? My thinking is it will add to my mix of credit.
