[The X-Factor]

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Well you would be better off doing a CD secured loan than an unsecured loan or credit card as far as saving money goes.

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Credit cards cost you nothing if they are paid off in full each month... plus if you get a rewards card you will start earning cashback for your purchases. This CD idea is just plan stupid in my opinion. Why would you pay money to 'build' credit when you you can open a credit card and do it for no charge at all?

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Thats very true but revolving credit and installment credit are two totally different things.