I took a 2000 dollars to one bank last Friday when the tax check came, did a secured loan against a cd, took the money they gave me back on the loan to the next bank and so on. Major overkill? I am worried I did too many of them, the payments are no bid deal, I can afford them. I am also worried that I did not do the terms long enough. I did 6 months on each of them, hoping to get the credit scores good enough by this summer to buy a house. Any advice or suggestions? Thanks. Sam
If that is the case, then I can pay them off before the first payment is due without any notation on my credit report, I did make sure that was an option.
I think 12-18 months is supposed to be the ideal. Anything short of that is probably not going to help that much...the accounts will be too new to rate for the next three months anyway. Calmest_LA
