No. of Recommendations: 0
Sometimes you have to pay interest on things to make yourself look better. When I got my first CC with a $500 limit I did that and before you know it I was getting other card offers with high limits and lower rates. It pays off. Same can be said for getting multiple lines of credit. Take some out that are small and then pay them off a couple months later to build up some history. Eventually that specific institution will let you borrow as much as you need.

Or if you can find an owner financed purchase they don't care where the down payment came from, so you can easily borrow right before that signing with no problems.

Fool on!!
Matt
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.