Credit Line
Open a line of credit at a bank where you deposit a sum on a savings account that will be used to secure the credit line.
Example: line of credit of $ 2,500 at 10% interest secured by a deposit in a blocked savings account of $ 2,500 at 2% interest.
In this example it is obvious that there is a loss on the difference in interest rates, but the purpose of this maneuver is only beginning his history of Credit to raise his score.
Credit Card Guarantee
Some banks and credit companies offer secured credit cards operating on a principle similar to that described above.
A line of credit is opened in exchange for a guaranteed amount.
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