A simple and elegant solution is a 500 dollar 4 year share secured loan from alliant CU. Open a savings account online with 500 bucks(will take about 10 minutes). Apply for share secured loan (will take about 5 minutes). They will email you the paperwork to sign by computer and email back in a day or 2. They lock up your 500 bucks and deposit 500 into your account. They will auto deduct the payment from the account every month (payment is around 11 dollars.) it will cost you around 28 bucks in interest over the 4 year term of the loan and you will earn about 7 bucks in interest on the money in the savings account so net cost about 20 bucks for a nice simple installment loan on your report. 
Thanks for the info on the shared loan with Alliant, I've been looking for a cheap way to add a loan to my report! 
@Anonymous wrote:A simple and elegant solution is a 500 dollar 4 year share secured loan from alliant CU. Open a savings account online with 500 bucks(will take about 10 minutes). Apply for share secured loan (will take about 5 minutes). They will email you the paperwork to sign by computer and email back in a day or 2. They lock up your 500 bucks and deposit 500 into your account. They will auto deduct the payment from the account every month (payment is around 11 dollars.) it will cost you around 28 bucks in interest over the 4 year term of the loan and you will earn about 7 bucks in interest on the money in the savings account so net cost about 20 bucks for a nice simple installment loan on your report.
Great info! Have one question: is it possible to PIF this loan in case I need to get rid of it?
@Anonymous wrote:
@Anonymous wrote:A simple and elegant solution is a 500 dollar 4 year share secured loan from alliant CU. Open a savings account online with 500 bucks(will take about 10 minutes). Apply for share secured loan (will take about 5 minutes). They will email you the paperwork to sign by computer and email back in a day or 2. They lock up your 500 bucks and deposit 500 into your account. They will auto deduct the payment from the account every month (payment is around 11 dollars.) it will cost you around 28 bucks in interest over the 4 year term of the loan and you will earn about 7 bucks in interest on the money in the savings account so net cost about 20 bucks for a nice simple installment loan on your report.
Great info! Have one question: is it possible to PIF this loan in case I need to get rid of it?
you can always pay this loan off early, but there really isn't a reason too. They release the funds as you pay it offf. IE... after a year you will have paid off roughly 100 dollars of the loan, and they will only have 400 held back. The security deposit drops by whatever principal you pay off each month.
