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 Sat, 07 Nov 2009 23:38:59 -0600 http://wordpress.org/?v=2.8.5 hourly 1 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!

]]> http://www.askmrcreditcard.com/creditcardblog/credit-repair-tricks-using-cds-and-personal-loans-to-raise-your-credit-score/comment-page-1/#comment-85149 160th Carnival Of Debt Reduction - Bailout Edition | The Happy Rock Mon, 06 Oct 2008 14:50:46 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=689#comment-85149 [...] Mr Credit Card writes about Credit Repair Tricks: Using CD?s and Personal Loans to Raise Your Credit Score [...] [...] Mr Credit Card writes about Credit Repair Tricks: Using CD?s and Personal Loans to Raise Your Credit Score [...]

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