Well, I'm doin exactly what ur thinkin right now. So... I cant tell u till its over.Originally Posted by lilmanx01
If I understand this right...
1. Take out a loan (can I take a studet loan?)
2. DO NOT USE IT
3. Put it in a savings account/CD whatever jst DO NOT USE IT
4. Pay it back at the end or the CD or whatever, KEEP THE INTEREST
This builds my credit by... taking out the (student?) loan or paying back off a (student) loan? OR does it just enhance my credit score because I got money in the bank
Shawtay what Equifax thank??? Lol, or........EXPLAIN/DISCUSS POR FAVOR
I took out a small loan and am going to put it into a C/D or Roth IRA account and just pay it back later so that I make some money while its there.
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