Building Credit
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General) North American (US General American - GenAM) North American (US Mid-Atlantic)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
don't be shy about informing the banker that you are attempting to establish credit with their bank. Bankers will after all inquire as to the purpose for the loan. If done correctly and payments are made on time, it will be totally possible to eventually take out a mortgage with the bank. In the future, bankers will love the long term planning idea and it builds trust, which is hard to purchase in any situation. When you have obtained the loan, take the money and place it into an interest bearing account, you will use that money plus the interested earns to help pay back the banks. You will then receive a payment book of coupons or some alternative record keeping method for making those payments on the loan. You'll then make one payment every friday for the next month. It will help with credibility and trust to perhaps make one or two payments personally with the loan officer themselves. After this first month simply make the rest of the payments monthly until the secured loan is paid off.