Question by Teresa D: If I have bad credit, will a personal secured loan healp to improve my score if I keep paying off my debt?
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?
Best answer:
Answer by Judy
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. /
What do you think? Answer below!
It will definitely help you as long as you pay your bills on time.