So I opened a short term loan with my credit union for a small amount to to help improve my credit. Being that this is the last month of my loan, I just decided to pay it off and close it so as to free up some liquidity (the way their loan works is you get half of it right away and then half of it is put into a savings which is freed up when it's paid). I was wondering, would it be worth while for me to open another one again (they are 6 month $1000 loans) to add another good account? Also I was wondering I have a 611 with transunion and I'm in Iowa. Any store cards that might approve me?
It won't help too much and may hurt insofar as it will be a new account. Try Juniper or Merrick. They may approve you and pull Trans Union. GE Money may pull TU there and they issue Walmart, Lowes, etc.
