If I have bad credit, will a personal secured loan healp to improve my score if I keep paying off my debt?

Teresa D asked:


Paying off and paying on time my current derogatory items is not bringing my score up if anything my score has dropped 30 points within 3 months. Will a personal secured loan help to get my score up?

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Tags: Bad Credit, Current, Personal Loan

This entry was posted on Tuesday, July 21st, 2009 at 10:40 am and is filed under Personal Loans. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “If I have bad credit, will a personal secured loan healp to improve my score if I keep paying off my debt?”

1. Judy Says:
   July 23rd, 2009 at 5:49 am

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   Are you holding any kind of credit card debt?
   The higher your credit to limit rating the more your score will go down.
   Never spend more than 30% of your available credit on your cards. After that your score starts going down. /

2. Krisha Says:
   July 24th, 2009 at 1:49 am

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   It will definitely help you as long as you pay your bills on time.