Secured loan on credit file as unsecured
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Hi, I have recently took out a secured loan (10.5k) via my credit union, it is secured on savings that I have to the same value. It is showing on my credit file as an unsecured loan. Will this have any negative impact on my file or does it not matter either way ? Thank you in advance!
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The 5k that they put forwards is just in the event of your passing away?
And if you do pass away, you say that although the loan and savings are related while alive, on death, they cancel the loan but still issue the savings to your husband?