Can anyone give me information about instalment loans or loans to pay off credit cards. What is the best way to raise my credit score? I was told to get an insallment loan and pay on time to that for 6 months and it should raise my score.Answer Question
Asked by Anonymous at 1:50 PM on Jan. 29, 2009 in Money & Work
That's just another way of saying secured loan. One suggestion I read that makes perfect sense, is to take your tax refund and buy a CD. Ask the bank for a loan and use the CD as collateral. Pay back the loan on time and it will help your credit score. Then cash out the CD and you've got all the money back anyway.
Answer by customcat2000 at 1:57 PM on Jan. 29, 2009
Answer by PaceMyself at 2:11 PM on Jan. 29, 2009
Answer by customcat2000 at 3:33 PM on Jan. 29, 2009