[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 328 KB, 720x1512, IMG_20230219_123933.jpg [View same] [iqdb] [saucenao] [google]
53768577 No.53768577 [Reply] [Original]

Will taking and repaying small loans improve my credit rating? My bank will only let me borrow 38k.
Any other ideas to improve credit?

>> No.53769077

>>53768577
you want to borrow money now? Shit is about to explode.

>> No.53769092
File: 337 KB, 463x684, 1c6.png [View same] [iqdb] [saucenao] [google]
53769092

>>53768577
>that sloth

>> No.53769129

>>53768577
There's a bible story of a guy who got his money early, then ended up slopping it with the pigs. The prodigal son. Don't do it unless you like slop

>> No.53769470
File: 63 KB, 250x250, 1676705919096960.jpg [View same] [iqdb] [saucenao] [google]
53769470

>>53769129
Hmm... I'll forget it and try to get a better job.

>> No.53769583

>Can only borrow 38K
>thinks this is a bad thing
Don't borrow any more than you really need for an affordable house or reliable car. Only exception is maybe a margin loan for the portfolio but even that I wouldn't go more than 5 or 10 percent. Building good credit, like investing, takes time more than anything. Sucks having to be patient but I guess it depends on how risk averse you are.