NFCU - Secured Share Loan

[Anonymous]

Anyone know if this reports as a secured loan or just an installment loan with CRA?  I have no installment loans on any CRA report and last 2 denial's for a CLI reflect no installement loans as the reason.  I want to take the secured loan since I have over 50K in my MMSA and the interest is extremely low.  Any thoughts or assistnce would be appreciated.   Post BK rebuild....Chapter 7 disc 03/15.  Scores are TR - 658, EQ - 658, EQ - 666.  UTL - 8%...ALL accounts 0.00 except one at 8% and scores won't budge. 

[SouthJamaica]

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@Anonymous wrote:

Anyone know if this reports as a secured loan or just an installment loan with CRA?  I have no installment loans on any CRA report and last 2 denial's for a CLI reflect no installement loans as the reason.  I want to take the secured loan since I have over 50K in my MMSA and the interest is extremely low.  Any thoughts or assistnce would be appreciated.   Post BK rebuild....Chapter 7 disc 03/15.  Scores are TR - 658, EQ - 658, EQ - 666.  UTL - 8%...ALL accounts 0.00 except one at 8% and scores won't budge. 

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A secured installment loan is treated the same as any other installment loan.

[19eighty5]

I have a SSL from Navy and it reports as a "Secured Loan" on my Experian and TransUnion reports, however the line still performs like a normal installment loan.

[Anonymous]

Anyone know how long it takes for NFCU to report the SSL?  I opended on 08/02/18 at 5K and that night paid down to $400.00.  Normally NFCU is quick to report...It shows the due dates being 26th of each month...so not sure if it wont report until 1st statement generates on 08/29/18 or just on the end of each month.  Thanks