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LOAN FOR PURPOSE OF BUILDING CREDIT?

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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?
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Super Contributor

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.
Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime) since 2002, based in Irvine, CA and lending in all 50 states

Information that is needed to determine if you qualify for a mortgage

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