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Ask credit questions ...Thanks to all the valuable information in posts I have been able to get several tradelines erased and my score has risen.
I was in the process of applying for a secured loan through a credit union, to eventually raise my score higher, but I stopped in the process because I wasn't sure if this might drop my credit score before it rises it with my timely payments. Any advice?
Lower credit score
Hi realme,
When you apply for new credit, that may be a credit card or a loan, the company will conduct a hard pull on your credit report. This can lower your score by some points. However, if you make ontime payments your score will automatically increase. Thus, there's nothing to worry. However, if you don't really need a loan, I think it is better to avoid getting one.
Thanks,
Aaron