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After it was very hard for me to get approved for a car loan last October (first loan), I decided to further diversify my credit and signed up for SelfLender.com's credit builder loan in February ($25/month).
Do you know what kind of score that is? For example is it a FICO score or (more likely) a Vantage score?
Thanks 9Ball.
Krissi, that boost to your score doesn't mean much, because it was a Vantage score, and almost no lenders or CC issuers use those in making decisions. Instead most lenders use FICO scores. I encourage you to pull your three FICO 8 scores and use those as a benchmark. You can get those for the $1 trial offer at Credit Check Total.
When you get close to paying that off, we have a similar but in our view better option called the Share Secured Loan Technique. That is well tested with FICO 8.