Established Contributor
Posts: 858
Registered: ‎06-26-2007
Should I or Shouldn't I?
[ Edited ]
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