It is important to understand how the process
impacts different types of debt.
Not exact matches
Each
type of debt involved can have a
different impact on your credit score, and perhaps on the credit repair process.
For example, a student loan and a credit card are considered very
different types of debt and come into play with
different impacts.
While every
type of debt can fall into one
of these account
types, each has a
different impact on your score.
Applying for
different types of loans to try to improve your score will have little
impact and gets you further into
debt — not what you want when you have less than stellar credit.