Good Afternoon(close enough) all,
I have been a very active participant on these boards and thought of something while reading a couple dozen articles. Here goes.
While reading the boards one article particularly comes to mind, how credit scores are figured. It basically mentioned the percentages of the factors that are used. One of the factors is credit mix. What I’m considering is, a secured card and credit builder loan.
My questions are, will a credit builder loan generate a hard inquiry? And, would having a secured card and credit builder loan be a helpful credit mix? A side note, I also have an installment loan line of credit but AM NOT utilizing it at this time.