saving grace asked:


I got a personal loan to pay off items on my credit report. I could have paid them off without getting the loan but thought this would be the best way to re-establish my credit and raise my score at the same time. The Loan is for 12months but I plan on paying it off in 3 months. Would this look good to the credit agencys or should I pay it off in 6 months? I really dont need a year but my bank said this would be a great way of starting over and rebuilding my credit history.

Caffeinated Content