Quote:
Originally Posted by Tsar
Not to burst bubbles, but everyone receives pre-approved CC applications. You can have bad credit (<700) and still receive them. Unless you paid off a house and a major car loan, it didn't change your credit by much.
You wanna run to the bank for a "small personal loan" every time when you wanna buy something to build your credit?
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Actually my credit went over 600 when I paid mine off, not awesome credit, ut not bad either, a good way to get started on building your credit. It was the first time I had a loan, or had any form of credit. I only took out $3,000 as a loan. now the Intrest did hurt, it was 23% (Ouch) but as I said I had no credit, and was my first loan. they had a deal, if I took $5,000 out I could of had 15% APR, but when I finished paying it off, it worth it in the end cause my APR for anything is really low that I really am paying off the loan and not the intrest. I'm not going to say what my score is now, but I can say I sit very comfortably now with my credit.
