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New Tradelines


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I have always been told to open a secured CC. Today a Mortgage lender told me that he had advised that someone open 3 CCs to establish soem tradelines. Was this good advice? I've been told that only one CC was needed to START establishing credit. Is opening 3 at once okay? This seemed excessive. She had a few TLs. (car, mortgage, but no CCs) I work at a Mortgage office and with the subprime meltdown a lot of loan officers have been giving advice to clients, it seems just grasping at straws at times, to try to get them approved. I'm concerned about them giving borrowers to clients that is NOT LEGIT or could actually hurt these people.

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