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Old 10-17-2012, 05:27 PM   #20 (permalink)
gbrettin
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Join Date: Oct 2010
Location: Portage, MI
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To help your credit you could take a loan against cash. Example:
1.) Take a two thousand dollar loan.
2.) Open a new Share (it's a virtual container for cash) with your Credit Union/Bank
3.) Figure out the total Interest for that loan and put that amount in the Share too.
4.) Forget about the loan.

Buying a house Bianary0x01 said will put the credit through the roof too. However, making payments on your car will also raise your score quite high too.

Personally I would pay a large amount on the car and take a reasonable loan. Figure out how big you want your monthly payment to be and put down a large enough down payment to get you that number.

Try this:
Auto loan calculator - Bankrate.com
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