USA Discounters

[Kizzel00]

So in rebuilding my credit, I'm looking at ways of building history. Has anyone dealt with USA discounters before? My credit is bad, but they approved me for 250 with 50% down, and 3 months to pay. They claim they report to all 3 CRAs. Would this show up as an installment loan vs credit line? Would it it be beneficial to get it to show some positive traction with them? Thanks!

[guiness56]

I have had several accounts with them.  For several reasons I would not have if I could change things.

They do report to all 3 as an installment loan.  They are also considered Consumer FInance Company which is considered negative.

If you have other installment loans this one won't help very much.

[Kizzel00]

I have one installment loan that's closed from 3 years ago, yesterday they agreed to remove the 2 lates from reporting. But that's my only installment loan, so would you still recommend from utilizing it? If its not beneficial in the long run then I guess I won't.