Taking Out A Loan To Improve Credit - FirstAmericanTV.com

Have a low credit score? I got a quick tip coming up next… Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com. A low credit score is hard to change but there are ways to raise it. Go to the bank, and get a small loan, about 1,000 dollars. You will have to pay about 7 percent interest rate, which isn't that much, about 70 dollars a year. Every month when the bill for it comes, pay it off and your credit score will go up, and continue that for a few years and once the loan is paid off, you will see a significant increase in your credit score and will be able to get much higher loans. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

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