What are my chances of getting an Unsecured Personal Loan as a means of establishing credit?
If you have no credit at all, your chances of getting a secured loan rather than an unsecured loan would be better. If you apply for a credit builder loan, you’ll get a lower rate if you have some funds to put up against your loan. If you don’t have any money to pledge, it’s still possible that you’ll be approved. I don’t know if you have a better chance of getting approved at a Credit Union or not, but you will probably get a better rate.
