[jman220]

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You deposit $5000 (arbitrary amount) into a 6 month Certificate of Deposit earning 6%. You go for a secured loan at a lower interest rate (may need a cosigner). You pay off the loan, and earn some small interest in the process, and increase your credit.


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Please point me to a bank that loans money at a lower interest rate than their CD's.

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I was waiting for someone to say this. If you could get a bank loan at lower interest than they're paying you, well then.......... Step 3: Profit.

Also, BBV: I just checked and my credit score is 744, can I get anything with that, like maybe a free pony?