SSL (NFCU?) Help me

[JohnGoi]

I have around a 790 and would like to get in the higher 8's. How can i do a SSL I have NFCU but do I have to call and ask them specifically what im doing or just say something specific? does it matter that it reports as a "Shared Secured Loan " instead of "unsecured loan" in any shape way or form? like a cfa

[GZG]

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@JohnGoi wrote:

I have around a 790 and would like to get in the higher 8's. How can i do a SSL I have NFCU but do I have to call and ask them specifically what im doing or just say something specific? does it matter that it reports as a "Shared Secured Loan " instead of "unsecured loan" in any shape way or form? like a cfa

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have ~$3100 in your savings account, $3001 is the minimum for 5 years 

call

"Hello, I would like to open a Shared Secured Loan with a 5 year term in the amount of $3100 please." 

from a FICO scoring perspective, it doesn't matter that it's a secured loan and it's not a CFA either. 

will the SSL be your only open loan?

[Patient957]

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@GZG wrote:

will the SSL be your only open loan?

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This is the question.  If you already have another open installment loan, then an SSL won't help you much.

[FicoMike0]

Ditto @Patient957