SD2007 asked:
My friend just checked his credit report and it is not good (he never paid on his last credit card). He is about to get government student loans to help with his college expenses. Will this help build his credit, or will it hurt it? Will the benefit only come in when he makes payments? Would it matter if he paid it all off at once? He wants to invest in properties eventually, so he needs to get his credit shaped up quickly. Should he attempt to get another credit card and make payments? What should he do?
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My friend just checked his credit report and it is not good (he never paid on his last credit card). He is about to get government student loans to help with his college expenses. Will this help build his credit, or will it hurt it? Will the benefit only come in when he makes payments? Would it matter if he paid it all off at once? He wants to invest in properties eventually, so he needs to get his credit shaped up quickly. Should he attempt to get another credit card and make payments? What should he do?
Create a video blog…instantly.