2007-01-20 12:50:16 · 6 answers · asked by ox 2 in Business & Finance ➔ Credit
a mortgage or car lease/financing
2007-01-20 12:52:33 · answer #1 · answered by Bored Enough To Be Here 6 · 1⤊ 0⤋
No, that is a myth! Most lenders prefer to see a history of payments on big ticket items such as mortgages, auto, boat, RV and personal loans. These types of credit are what really build ones credit reports. Due to the ease of getting credit cards, lenders do not pay much attention to this type of debt unless it has a really poor history. Your best bet is to include in your history, a large purchase such as mentioned above. Try to get a small personal loan under $5000 from your bank or credit union. If you do get it, put the funds aside and pay it off in a few months. The small cost of the interest paid is worth the boost to your credit report. Been there Done that and it works. Hope this answers your question.
2016-05-24 02:41:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Go into debt without a credit card.
2007-01-20 12:53:20 · answer #3 · answered by feel/the/need/to/fly 4 · 1⤊ 0⤋
Get your credit report and see what they have as reasons for your credit score being lower. Then work on those. If you just start doing whatever random things people tell you, you might not get the desired affect.
2007-01-20 12:58:50 · answer #4 · answered by John 4 · 1⤊ 0⤋
Try this company. Costs a little but well worth it.
http://creditrepair.divinfo.com/
2007-01-20 13:56:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Marry well.
2007-01-20 12:53:35 · answer #6 · answered by Anonymous · 1⤊ 0⤋