Article: Credit Ratings: How To Obtain A First Class Credit Rating
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Credit Ratings: How To Obtain A First Class Credit Rating
If you have no cash at all, as ever, life can be difficult, and you will need some cash to prime the pump, between $500 and $1,000. Look amongst your possessions for what you can sell by classified ads in your local newspaper, carboot sale etc and turn those assets in cash.
Go to your nearest bank and open a high interest savings account with, say, $500.
Remember, you are not asking the bank for credit or current account facilities that might lead to them making a loss on you by default: you are putting down hard cash - no risk to them.
After a week or two, apply to the bank for a personal loan using your savings account $500 as security. Once again, the bank is taking no risk, so that a loan of $500 should be forthcoming. Once granted, you shou...
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