Good Morning Guys,
I read in one of those credit repair books that you can improve your line of credit buy doing the following.
Open a secured account with a bank that advises you that they will refund your deposit within a specific time frame ie 18 months. Make small purchases over the next 17 months and pay the account off each month. In the 17th month, make a significant deposit into the account that secures your credit card ie $10,000. That will raise your credit limit to $10,200. One month later the bank refunds your $10,200 and you are left with a $10.200 credit limit.
Is that possible?
WBLAKE
