Obviously, its completely possible. I just don't think its worth all the effort. I would start small with items you can afford. Possibly get a credit card and build up your credit limit to a few thousand dollars.
Im just curious, thought about this earlier and was wondering if it could possibly work. What if you took out a loan of say 5,000$, bought a mac or whatever you want really and refunded it, once the money is back just pay off the loan entirely? It would not effect your credit, and there would be no interest accrued so youre not losing money.
What are your thoughts?
Obviously, its completely possible. I just don't think its worth all the effort. I would start small with items you can afford. Possibly get a credit card and build up your credit limit to a few thousand dollars.
Castro_ (09-07-2017)
its good i wish i had good credit to do it thouhg
where would i even get a 5k loan lol
Anytime you take out any loan in your name, the institution giving you the loan will use a hard credit check, this affects your credit negatively but will clear after ~2 years. Yes even if you accrue no interest and make perfect payments, even if you pay it off right after; the hard credit check affects your score.
Soft credit checks like from a utility (electric, water) won't affect your credit score but will show up on your credit report via Experian/whatever
just get a credit card. i signed up for a discover and they gave me a $15k credit line right off the bat
If you change your billing address on the new credit card then sure.
Castro_ (09-07-2017)
If you want to build your credit, you could get a credit card, order a product, refund it, and then keep the money in your checking account. Set your credit card up online so that you pay off your account balance every time your statement is released. If you aren't an idiot and can keep your hands off your money, it would come out as a nice net positive for you in the end.
26.09.2012 Signed Up 16.05.2017 Premium Member 06.05.2018 - 07.08.2019 Publicist 06.08.2018 - now Middleman 17.12.2018 - now Marketplace Minion 07.06.2019 - now Newsforce 01.08.2019 - now Publicist 15.08.2019 - now Fortnite Minion 08.12.2019 - now GTA Marketplace Minion 03.01.2020 - now Social Engineering Minion 07.01.2020 - now Minion+ 10.01.2020 - now Cracking Minion 07.02.2020 - now Head Publicist
Dunder Mifflin (09-13-2017)
Thats exactly what I do lolIf you want to build your credit, you could get a credit card, order a product, refund it, and then keep the money in your checking account. Set your credit card up online so that you pay off your account balance every time your statement is released. If you aren't an idiot and can keep your hands off your money, it would come out as a nice net positive for you in the end.
- - - Updated - - -
Last edited by Dunder Mifflin; 09-13-2017 at 03:35 PM.