secured cd loan

[welder]

hello :o
i currently have a new 1 yr securd cd loan $1,000 12month with payments comings out of savings on autopay(never late).

question is simple.

i have a few $1,000 cds........would taking ANOTHER same EXACT cd secured loan raise or lower scores....?

scores ran last night 744-752-740..i know its good,i just want higher.760+

thanks in advance.

[Game Plan]

Originally Posted by welder

hello :o
i currently have a new 1 yr securd cd loan $1,000 12month with payments comings out of savings on autopay(never late).

question is simple.

i have a few $1,000 cds........would taking ANOTHER same EXACT cd secured loan raise or lower scores....?

scores ran last night 744-752-740..i know its good,i just want higher.760+

thanks in advance.

Hi Welder,

I have taken out three secured installment loans from my credit union and each one has seemed to help a little after about 6 months of on time payments. However, my current scores are not even close to being as good as yours.

[welder]

Originally Posted by Game Plan

Hi Welder,

I have taken out three secured installment loans from my credit union and each one has seemed to help a little after about 6 months of on time payments. However, my current scores are not even close to being as good as yours.

well first off,ty for the response.


on topic-
so by your response i can asumme they did raise your scores even if by a small margine,still increased.this is what i needed somewhat confirmed,ty.im trying to get hi 700,s by end of this year.

still debating(in my head) running 2 of these loans running in parallel vs only one(current)now.hmmm

[Game Plan]

Originally Posted by welder

well first off,ty for the response.


on topic-
so by your response i can asumme they did raise your scores even if by a small margine,still increased.this is what i needed somewhat confirmed,ty.im trying to get hi 700,s by end of this year.

still debating(in my head) running 2 of these loans running in parallel vs only one(current)now.hmmm

All three of mine loans did help out some. It did 3 $1,500 one year loans. I spaced them about three months apart. My scores are only in the low 600 range now so I don't know what it would do to your score.

[welder]

Originally Posted by Game Plan

All three of mine loans did help out some. It did 3 $1,500 one year loans. I spaced them about three months apart. My scores are only in the low 600 range now so I don't know what it would do to your score.

"so I don't know what it would do to your score"


should go from 740-752-744 to roughly 760-775-770 give or take by 2012.i track my credit scores everymoth and watch them closely.it sucks that they only update evey quarter or so.