Valued Contributor
Posts: 2,300
Registered: ‎07-23-2012
Re: installment loan?

do you have any credit right now? 

if your only looking for an installment loan, your best bet would be to find a cd secured loan. 

which usually you take 1k of your money to secure 1k they give you. 

Depending on the interest rate it should be about 20-25 dollars that it would cost you too build that credit for the year. 

find a bank that reports to all 3 credit bureaus.

and since it would be in good standing after its paid off and closed it will report for the next 10 years after that 

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