In the attempt to rebuild my credit I applied for a 6 month/shared secured consumer loan through my credit union. They did a HP, got the call we were approved, etc, etc. Now I realize that this will probably not help my score all that much in the future. Plus all the score simulators have this decreasing my score. Right now I have a Capone secured, and just recently (this past week) open a VS and Express card. Now here is where I need some direction. I will probably need to purchase a car VERY soon. My car is on its last leg PLUS it’s a gas guzzler. I have been trying to buy one cash but really can’t find anything with what I have. SO if I need to get an auto loan soon, should I not take the consumer loan which I was only taking so I can mix it up a little bit? My ultimate goal is to buy a new home sooner than later and I really wish I could hold off on the car purchase but not sure it’s something that I can do for much longer. Advice please! Thanks
