Would getting 4 secured credit cards and 2 Secured Loans boost my Credit rating in 1 Year?

Answers:6   |   LastUpdateAt:2012-11-03 04:48:02  

pig, swine
Asked at 2012-08-10 01:56:02
Could get 4 secured credit cards secured loans and 2 improve my credit score in a year?
Answer1RoseAnswered at 2012-08-15 06:39:04
Yes ..... perhaps ..... but can not undo the damage if you have had recent charge-offs/defaults in the last 24 months. If this is the case , your plan may result in a slight increase in your credit score.
Answer2KarmenAnswered at 2012-08-17 02:04:04
Learn all about the repair and / or credit creation

yes it will increase your credit score, but make sure you dont secured cards report to credit bureaus, insurance card
Answer3sweetbevAnswered at 2012-08-20 17:16:02
Instead of 4 credit cards secured , get one. Use it every month and pay full if for at least 6 months. You should then be able to get a regular credit card . Use both cards and pay them in full for another 6 months. This shoudl help your score without all deposits held as collateral.
Answer4SUBSTITUTION METHODAnswered at 2012-08-27 01:15:17
Do not get too or your score will fall , only have three credit cards and only used less than half of the available credit and try to pay in full each month also hurts your score if you have too many things against you, but try these things here and as long as payments are made on time your score will be the winner .
Answer5pray_the_rosaryAnswered at 2012-09-04 14:36:03
You only need 1 or 2 cards , 4 is too because that throws his debt to income ratio out of proportion. MedlinePlus MedlinePlus The ideal is to get a secured card and a secured loan. After six months get another secured card . That's it. MedlinePlus
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