USARMY Posted May 21, 2004 Report Share Posted May 21, 2004 I am hoping to apply and secure a mortgage in October, once my credit is cleaned up a bit. Without getting into much detail I have $10,000 that is sitting in a work escrow account, that I draw a paycheck from. I can take all the money out if I like...but my question is what should I do with it? To make my credit look better? Throw it in a savings account, get a secured loan off of it?Any ideas would be greatful...as it stands right now the money is sitting there doing nothing for me. Link to comment Share on other sites More sharing options...
Allie Mae Posted May 21, 2004 Report Share Posted May 21, 2004 You could look into getting a secured credit card. However, the benefit would really depend on your current situation. If you already have good credit with established tradelines, there may be little value. Link to comment Share on other sites More sharing options...
USARMY Posted May 21, 2004 Author Report Share Posted May 21, 2004 With a bunch of bad tradlines, and no credit history for the past 8 years. Link to comment Share on other sites More sharing options...
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