how do secured vs unsecured loans affect your credit?

November 7th, 2011 by admin

My wife and I are looking to buy a house in the next year and to prepare for that, we want to downgrade our car. With what we want to put down on the new car and wanting to finance only 3k-5k of the car, our bank doesn’t do auto loans for that little, but they will give us a personal loan.

How does a personal(unsecured) loan affect your credit vs a secured (auto loan)?

Real Estate Professionals

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