Comments on: Credit Repair Tricks: Using CD’s and Personal Loans to Raise Your Credit Score http://www.askmrcreditcard.com/creditcardblog/credit-repair-tricks-using-cds-and-personal-loans-to-raise-your-credit-score/ Latest Credit Card News, Reviews and Information Thu, 09 Feb 2012 07:48:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gil http://www.askmrcreditcard.com/creditcardblog/credit-repair-tricks-using-cds-and-personal-loans-to-raise-your-credit-score/comment-page-1/#comment-189207 Gil Thu, 17 Feb 2011 19:52:04 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=689#comment-189207 Hello, I am currently under chapter 13 and I still have three years remaining. I want to request for a modification on my home loan, but part of the payment to the trustee include back mortgage payments. Do you think the bank will work with me if that is the case? I have an 1/5 ARM loan and it will adjust by the end of this year. I am afraid that any attempt to modify my loan will toss my chapter 13 out the window. Hello,

I am currently under chapter 13 and I still have three years remaining. I want to request for a modification on my home loan, but part of the payment to the trustee include back mortgage payments. Do you think the bank will work with me if that is the case? I have an 1/5 ARM loan and it will adjust by the end of this year. I am afraid that any attempt to modify my loan will toss my chapter 13 out the window.

]]> By: sam http://www.askmrcreditcard.com/creditcardblog/credit-repair-tricks-using-cds-and-personal-loans-to-raise-your-credit-score/comment-page-1/#comment-132811 sam Wed, 15 Sep 2010 01:11:40 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=689#comment-132811 You can find banks that won't actually do a credit check, Golden1 CU and USAA worked for me. You can find banks that won’t actually do a credit check, Golden1 CU and USAA worked for me.

]]> By: Mark http://www.askmrcreditcard.com/creditcardblog/credit-repair-tricks-using-cds-and-personal-loans-to-raise-your-credit-score/comment-page-1/#comment-121735 Mark Wed, 13 Jan 2010 23:22:17 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=689#comment-121735 If you operate and OWN a small c-corp company, how do you use your company to submit to credit bureaus that says you are making your "High" payments on time? please email me. If you operate and OWN a small c-corp company, how do you use your company to submit to credit bureaus that says you are making your “High” payments on time? please email me.

]]> By: Josh http://www.askmrcreditcard.com/creditcardblog/credit-repair-tricks-using-cds-and-personal-loans-to-raise-your-credit-score/comment-page-1/#comment-120967 Josh Tue, 08 Dec 2009 03:13:29 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=689#comment-120967 Not sure if it's relevant, but my goal is to get a loan to purchase a home before April... Not sure if it’s relevant, but my goal is to get a loan to purchase a home before April…

]]> By: Josh http://www.askmrcreditcard.com/creditcardblog/credit-repair-tricks-using-cds-and-personal-loans-to-raise-your-credit-score/comment-page-1/#comment-120966 Josh Tue, 08 Dec 2009 02:27:13 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=689#comment-120966 What is the quickest time period I can pay the loan back in and still raise my credit, assuming I am starting with no credit at all? What is the quickest time period I can pay the loan back in and still raise my credit, assuming I am starting with no credit at all?

]]> By: S.McKay http://www.askmrcreditcard.com/creditcardblog/credit-repair-tricks-using-cds-and-personal-loans-to-raise-your-credit-score/comment-page-1/#comment-114067 S.McKay Sat, 01 Aug 2009 05:36:29 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=689#comment-114067 This is an excellent method for raising one's credit score! Borrowing against CD-secured collateral enabled me to open a new loan with my credit union (which appeared on the aforementioned reports) to pay off high-interest unsecured debt from a major bank. The credit card financer reported a reduction in revolving credit for the amount collateralized (in this case 1,000) at the same time the credit union reported a new open loan. These simple steps raised my score 40 points in less than a month. The collateral can easily be recycled upon loan maturity to pay off other high-interest debt and built upon by direct deposit. Why pay potential collateral directly to a credit card company or bank when you can reuse it time again? Just make all loan payments as agreed! This is an excellent method for raising one’s credit score! Borrowing against CD-secured collateral enabled me to open a new loan with my credit union (which appeared on the aforementioned reports) to pay off high-interest unsecured debt from a major bank. The credit card financer reported a reduction in revolving credit for the amount collateralized (in this case 1,000) at the same time the credit union reported a new open loan. These simple steps raised my score 40 points in less than a month. The collateral can easily be recycled upon loan maturity to pay off other high-interest debt and built upon by direct deposit. Why pay potential collateral directly to a credit card company or bank when you can reuse it time again? Just make all loan payments as agreed!

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