also alot of lending institutions will take credit you didnt even know you had and accept it as a positive credit rating. Using things such as your cell-phone, utilities, car insurance etc... those can be added to your credit report to give you a higher credit rating. There are ways to get good credit when it is needed. Going out and getting personal loans and credit cards just isnt the way IMO
The worst thing you can do is get credit to finish a car!
By the time you pay the CC off or the loan you would have paid double for your parts!
My moto if you cant afford to pay for it in cash you dont need it!!
I have the same moto as Alex house and car, thats it!!
ok u totally went against urself there..and how again will i end up paying 6k for a 3k loan?Originally Posted by B18c1Turboed
And miles to go before I sleep,
And miles to go before I sleep.
sup halfwit
i say yes to a loan for 3-4k (altho that sounds low for bank to loan out... maybe you can tell the back its for a multipurpose loan or something)... make payments of 6-700 per month til the loan is paid off... that should be about 7-9months??
One: you'll be paying significantly more than what your minimum payment will be (looks great on your credit report, when credit agencies look at it, they know you credit worthy... or financially able to make those payments)
Two: you'll have a track record of timely payments over a 7-9 month period (which credit agencies like to see showing you are financially responsible and are reliable when having to pay off credit)
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