alb asked: i was thinking of borrowing money from my 401k will that be like a loan and if so will i build credit has anyone done this and if so how do i even borrow my mom told me i can borrow money from it
donwolfe1@sbcglobal.net asked: If the loan was reported to the CRA’s as valid and in good standing, would this reflect favorably on my credit report? How might this be done? Could I also write off interest payments?
JJ Flying asked: The manager at the financing department suggested that I should at least keep the loan for 24 months in order to boost my credit record significantly. So my plan is to pay off the majority of the loan in 1 or 2 months, and finish paying the rest in 22 to [...]
Credit Guy asked: I have a friend who borrowed $100k from creditloader dot com to build credit, and paid it back in 8 months. Their score went through the roof. I’m wondering if a shorter version of the same thing - a secured installment loan - would also have such a positive effect.
mmmmmmm asked: Im 21 years old and have no credit at all. I will be going to medical school and upon completetion I hope to start my own practice. I will need to borrow money for this endeavor for sure. My question is with good credit I can borrow more than bad credit, right? So [...]
Noneya asked: Are there any other ways to build credit for the first time?
J.F.T.B. asked: My friend told me that is what he did but I wanted a second opinion.
Alex H asked: I have a business that is a year old and I am looking to build credit. I have a perfect Dunn and Bradstreet Paydex score, but credit card companies are saying that I need to be in business for three years for that to matter.
If I can’t get a [...]
noyb asked: I heard that taking out a few $1000 cd’s at one bank and then borrowing against them at another is a great way to build credit. (granted those payments are made on time) Anyone know of any other neat ideas like that? I am already doing all the right things, but am looking [...]
Emeka N asked: I have a 2 year old company but its been doing business only and we had no need to borrow money to fund anything. Now looking to expand, our road block is no business credit. How can we build it within 30-60 days. I’m talking a Business paydex score of 80 or [...]
