|
Here's what you do. Get a payday advance loan for say $500. Go to bank A, open a non-interest savings account and take out a guaranteed loan against that money. Then go to bank B and do the same thing. After you have around 10 banks lined up, use the money to start paying back the loans. After a month or two, they'll loan you the money without having to use your savings as a guarantee. Then take out a non-guaranteed loan from each bank for $1,000 and you'll have $50k in less than two months!
P.S. This is HIGHLY illegal and you'll probably go to jail trying it. But if you do it correctly and willing to pay back the loans without skipping town and defaulting, then it's a great way to rebuild your credit. Just don't go with 10 banks (that was a joke), do it with 2-3 and you're set.
__________________
|