Posted on: 23rd Mar, 2012 02:43 am
I want to improve my credit score. I have heard that from time to time I always see the mention of a secured loan to add to one's credit report. Should I do a secured loan with my credit union or is having 3 secured cards enough?
You can take out a secured loan and try to improve your credit scores. If you make the payments on time for that secured loan, it will have a positive impact on your credit report. However, in order to get the secured loan, you should have a good income and employment history.
You can take out a secured loan or opt for secured credit cards. But in both cases, you have to make timely payments so as to have some positive effects on your credit report.
