I recently joined my credit union at work it's called Health care of NJ FCU and they have secured loans you could get and pay off in 6mths to improve scores. My question is how are these rated are they listed as revolving or installment? If they are revolving aren't you maxxed out as soon as it opens? If they are revolving will that still help your score alot if you pay it off in only 6mths meaning no real history on the loan? Sorry for all the questions I understand how cc work thanks to everyone here ,but still alittle fuzzy on cu loans and I dont want to make a mistake. Also I have a lot of installments already car and student loans ,but no major cc's just a target store card my scores are EQ:544 TU:520 EX:540 gonna try to get orchard who do they pull and what's my chances at approval also want to try to get BOA secured what's my chances with them? Thanks in advance everyone for all your help
