A hard inquiry will be placed on your credit report when you apply for a loan, and this can temporarily lower your credit score. If you’re looking for a loan to purchase a large item or make a major investment, a secured loan may be the best option for you. However, if you’re looking for a smaller loan to cover unexpected expenses or build credit, an unsecured loan may be the better ... https://easzfin.com/what-to-do-with-your-401k-after-a-layoff/