Reply
New Member
skysthelimit
Posts: 2
Registered: ‎06-17-2007
0

LOAN FOR PURPOSE OF BUILDING CREDIT?

Would it be a good idea to take out a small personal loan and then pay it all right back or overtime to show some responsibilty in paying back loans on time?
Super Contributor
ShanetheMortgageMan
Posts: 8,252
Registered: ‎09-28-2007
0

Re: LOAN FOR PURPOSE OF BUILDING CREDIT?

That is one way to build credit, another is to get a secured credit card, if you are a member of a bank or CU they should be able to offer that option to you.  Crown Jewelers & Orchard Bank are two credit cards that are easy to qualify for and will help you build credit as well.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}