@myjourney wrote:
@Firehorse wrote:I haven't heard back from the loan agent. She was supposed to call me back yesterday. Rather than call and ask about it, I think I'm just gonna pass on the loan if she doesn't reconnect with me. I'd rather take an AAoA hit for one more card than a loan for AAoA and balance.
I don't really need a loan and I'm not sure if it's something I should do anyway.
Any thoughts?
UW can be slow to process loans sometimes hang in there and don't lose hope yet......
Well I know I can push the issue and get it done if I call. 
I'm just not sure if it really WILL help me at all. I see other threads where people are saying, No way! Don't do a loan. So I'm a little confused if it's something that's good for rebuilding or it they mean it will hurt higher scores. Or vice versa.
So many unknown variables. It's like Multivariable Theoretical Calculus. ugh.
@Firehorse wrote:
@myjourney wrote:
@Firehorse wrote:I haven't heard back from the loan agent. She was supposed to call me back yesterday. Rather than call and ask about it, I think I'm just gonna pass on the loan if she doesn't reconnect with me. I'd rather take an AAoA hit for one more card than a loan for AAoA and balance.
I don't really need a loan and I'm not sure if it's something I should do anyway.
Any thoughts?
UW can be slow to process loans sometimes hang in there and don't lose hope yet......
Well I know I can push the issue and get it done if I call.
I'm just not sure if it really WILL help me at all. I see other threads where people are saying, No way! Don't do a loan. So I'm a little confused if it's something that's good for rebuilding or it they mean it will hurt higher scores. Or vice versa.
So many unknown variables. It's like Multivariable Theoretical Calculus. ugh.
Lol Now I have a headache Lol
The new issues is Fico 08 and how it seems to ding for not having installment loans
Whereas previous models it didn't matter one way or the other.
People with 800 scores had no installments so until we more understand the algorithm we're all just trying to make sense of 08 together ....now I need a drink Lol
So I've been reading this thread on this topic and it seems the way to go.
I will instead ask the SFPCU loan officer to set me up with a 60 mo. secured loan. 12,99% unsecured vs 3% secured. And then once that's set up will do the same with NASA FCU. Funded from SFPCU.
Yeah, I'm gonna take a hit on AAoA but I will also be house shopping in 18 months so it seems like from reading that thread, in the end, this is a solid plan.