Loan reporting as secured?

[Tersie319]

I am trying to rebuild while repairing. I got a Fingerhut which is reporting as positive on EQ. I also took out a $400 credit builder loan through me CU. But the loan is reporting as secured on all 3. I know it is meaningless but with both accts now reporting, credit karma dropped my score by 5 pts.

Do you think the loan will help or hurt me with it reporting as secured? I have 3 baddies remaing on my CRs. My dad is going to add me as au to his 15 yr CC with low util. I plan to app for a secured card next month. I have 2 more collections I would like to get removed by then. The repo will likely remain.

Thanks y'all

[llecs]

I'm not up to date with FAKO scoring via CreditKarma. Per FICO it's possible to lose points when adding new TLs. It's possible to gain too depending on improvement to mix of credit, util improvement, etc.

Per FICO, the secured comment is ignored. I wouldn't worry about it

[Tersie319]

Thank you Ilecs!