Should I or Shouldn't I?[ Edited ]
07-24-2007 06:00 AM - edited 07-24-2007 06:02 AM
I get paid every 45 days from the State for providing subsidized childcare. However, this is a real problem for us getting bills paid on time and improving our scores. I wonder if trying to get a loan or line of credit for the amount we spend monthly on bills and expenses? Once I received my payments, then I could just pay the balance back down to where it was originally and continue do that until I open my daycare center next year? How would this affect credit, close 2 maxing loan availability and then repaying it?
I need a 5k line or better and what kind of scores would I need to get that kind of line?
Message Edited by myhearts07 on 07-24-2007 06:02 AM