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Will a secured personal loan help my 680 score?
My Ch7 was discharged in March 2013 but I was able to push my scores from all 3 agencies in to the high 600's by getting a secured credit card and paying on time. I have some cash and I have read that a secured personal loan will further increase my score, but the CK credit simulator has it drop from 682 to 677. Will this loan push me over 700 once I start making on-time payments? I'm looking at a 1 year $5k loan at 3.75% $425/month. Any other advice would be appreciated. Thanks! JM

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