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"Credit Booster Loan"
After obtaining my first credit card in high school, I then proceeded to max it out at 28% interest and it was all downhill from there. Now at 31 yrs old Im trying to put the pieces back together. I had one outstanding debt of $800 that I settled and paid. It improved my credit marginally (17 points or so). Now I have a good job, steady income and basically no credit and a score of about 600. I tried to take out a car loan but was only approved for a $2000 down payment and 11% interest. I didn't bite on that. Instead I took out a small loan that I was able to obtain through my credit union. they only approved me for $500. Now I've made a few payments on time and actually have an active form of credit. It hasn't shown up on my reports yet so I ran the "credit simulator" to see how much of an improvement it might make. Well, the simulator shows no change at all. I don't want to keep taking out these small "credit booster" loans if they aren't actually having any effect on my score. Any alternative advice? Or is the "credit simulator" just a bit wonky?

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