I have heard many stories of people who were able to increase their credit score in a short period of time. Primarily, I have been told of how they would take a loan out at one bank, take that money and use it as collateral at another bank for a loan, and do the same process for a third loan so that they would have 3 loans active from banks that were current. Does this strategy work? If so, are there any online banks that give such loans. I have not been able to find banks that do signature loans/collateral loans anymore. Thanks for your help.