No tags yet.
While trying to decide ways to improve one's credit score, there are many options to consider. Most people will decide to get a credit card and make purchases using it. This is a decent method, but you'll have to buy stuff to build your credit. What if you could build credit without buying junk, and instead make payments on a loan that is eventually paid back to you? Now you can: Self-Lender is a service that opens a CD (certificate of deposit) for you that you can pay off over the course of many months. At the end of your loan, you will receive all the money you invested into the CD (plus interest), and you will have a much higher credit score. It's very simple to set up, and will even auto-pay every month from your payment method.
It also doesn't take much money to do this; for example, I have a loan of $525 with them and I am paying $25 a month. My credit score has gone from 4 to almost 600. This is an ideal way to build your credit, and I highly suggest you try it out.