It will build your credit history, which accounts for 35% of your credit score.
Whether it is secure or not should not make much of a difference but usually secured items will give you a steady history as you're paying timely every single month for a while.
10% of your score is based on different types of accounts that you have experience with so it may help in this regard
however, if your debt to income ratio is negative, then it will hurt
so the main thing is to get debt that you can pay timely upon, regardless if it is secured or not
Is there anything else I can help you with?
I am a bankruptcy attorney
The best thing to do is to get a secured credit card
Those are cards where you put money on them first but use them as credit cards and you get points on them like a credit card as far as the credit bureau is concerned.
You can apply for them at major credit card companies
Also, if you're able to get one, you can get a high interest credit card or whatever regular card you qualify for. Just make sure to charge it only on things like gas and pay it off in full every single month. You should only do this if you know for sure you won't charge anything else, otherwise it becomes dangerous to use.
Also, make sure never to reach your card limit as that actually decreases your credit score.
If you have current secured debt, paying on time for that should help you as well.
Sometimes if you're able to become an authorized user on someone else's credit card account (for example family or someone close who has great credit history), that may help your credit score as long as you remain an authorized user. You don't have to actually use the card and should not. But this is probably the fastest way.
Please press Accept if this has helped.
You can get loans with bad credit but the APR will be higher. You can do bankruptcy at any time as this will clear up your credit report and may or may not help your score depending on what it is right now.