if a person borrows against theier own money with 6 savigs acont at difrt loctions will credit score boost?

Public Comments

1. It could improve but not necessarily boost...
2. not really
3. Honestly you didn't have to borrow against your own money and tie it up. If you want to increase your credit score and either have some or no credit, the best and fastest way is to acquire a credit card with low APR's. Make a couple of small purchases a month and pay it off. If you are rebuilding your credit, apply for a credit card from for example, Centennial or Premier Visa or Master Card. Once again, make small purchases and pay-off asap. Remember, what lenders and banks look at is not only your ability to pay but your spending and payback habits, hence, credit worthiness. Also, financial institution bases their determination based on at least 1 1/2 years of credit history, NEVER SPEND MORE THAN YOU CAN PAY BACK, EVER!!!! Rule of thumb, if you can't pay for it in cash, you can't afford it.