Choosing between a credit card, secured card, or loan?

Answers:0   |   LastUpdateAt:2012-09-12 15:03:03  

Asked at 2012-09-12 15:03:03
I am a college student looking to build my credit. I was originally looking for a credit card , but was told it was a bad idea, and go for a secured card from a bank or a loan . My credit score ( Credit Karma ) is 672, while my VantageScore (also Credit Karma ) is 686. What is my best option ? I'll probably take a loan of $ 5000 ( ? ) , And pay in a year . Or, open a savings account with $ 500 for a secured card . I'm still looking for credit cards , so also remain viable . MedlinePlus I understand the importance and building credit risks , which is why I want to be sure I'm making the right decision . Any links or information that anyone can point me would be helpful . MedlinePlus MedlinePlus Thank you !

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