10-01-2012 05:20 PM
Of course I am trying to rebuild my credit I am getting a SC Cap 1 card ($200 limit which I plan on getting to $1000), I also wanted to get a sc loan, since I have no credit right now. The only place I know of is my bank which is a credit union and doesn't report to all the agencies only EQ. Is there a place online or a major bank that you know of that would report to all 3?
10-02-2012 09:41 PM
IMO, I'd skip the loan and aim for another secured CC (or aim for unsecured if baddies are mostly removed). I'd skip it because you can easily hit into the 800s without one. The score value of an added loan is very low, unlike a CC.
If you wanted a secured loan, check with other banks and CUs in your area. Also look around in here; there are posts like this from time to time but I can't think of any examples off the top of my head on a national-level.
10-03-2012 05:48 AM
+1 A loan will give you an installment TL, however they don't factor that much into your CR. Revolving accts. account for 35% of your score. Go for another secured card, then garden them, your score will grow! Good Luck!
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