New Dirt

Jerry, just remember, it's not a lie if you believe it!

  • Blog
  • Forums
  • Register
  • About

Re: credit tricks, post yours

Home › Forums › Credit Talk › General Credit Forum › credit tricks, post yours › Re: credit tricks, post yours

February 8, 2012 at 6:37 pm #2751
fontanaman
Participant

Hello Contesthamster. Thanks for sharing.

Let me know if I understood right. You put $1000 in a CD, then borrow the same amount of money at the same bank and use the CD as a collateral? And then, when the CD matures you take out the money and pay off the debt? I didn’t know such a thing was possible.

The part I still don’t get is what gets reported to the credit bureaus. Can you please clarify. Thanks.

LOGIN OR REGISTER – FORUMS

Log In
Register Lost Password
  • POST NEW FORUM TOPIC
  • Latest Forum Discussions

    • Are there any arcade machines in your city?
    • What is better?
    • Steps to Login SSM Portal
    • Bạn hiểu gì về ô dù quà tặng?
    • Web3 in Banking – Provide banking service at it ease with secured form.

    Most Recent Articles

    • 4 lines for $100: Why I Switched to Cricket Wireless (Developing Story)
    • Switch Your iPhone from AT&T to Straight Talk in 4 Simple Steps
    • The Best Secured Credit Cards
    • First Savings Account for Kids
    • Phones for Kids Under $200

    Other Pages

    • Wordpress Themes
    • Wordpress Hosting

    [footer_backtotop]

    Copyright © 2023 New Dirt | Credit Forums