Note: It is extremely important that bank reports your loans to credit bureau. Therefore ask your bank "If they report your payment history to three credit bureaus?", it is critical part of this whole process. After all, whole purpose of you doing this is to add zing to your credit report with a very powerful and positive payment history, right?   

Now once you borrow money, wait 25 days and repay loan back to your bank. Because you have fully repaid your loan bank will send your positive payment history to credit bureau.   

That's a grand slam! 

Now you have bank as your friend and credit bureaus can not help it but report your good payment history.

2. How To Use $500 - $1000 into A Millionaire's Credit  

With let’s say a $1,000 in your account, ask loan officer for a 12- month a $1,000 passbook loan. Do not be discouraged, you can certainly achieve this with less money, but if you can afford to do it don’t hesitate. By time you’re done with this technique - - - well it’ll be all worth it. Just wait and see.    Since this is a secured passbook loan (meaning, it is secured by amount of money available in your savings) most banks will not run a credit check. And if they tried to do so explain it to them why they should not as it is secured by money you already have in your savings account. Which you won’t be able to access until you payoff your loan anyway, so there is no justified reason to run a credit check. Now with $1,000 secured passbook loan from your first bank, open a savings account at another bank with $1,000 loan received from first bank.   

The request that they give you a $1,000 12-month loan and do not mention loan received from first bank. Wait about a week or two, go to a third bank and repeat process.   

Next, at one of three banks open a checking account with $1,000 you received from third bank. You now have a$1,000 in a checking account and three outstanding 12-month loans at three different banks – for a total of $3,000.    Deduct your original $1,000 and you need only repay $2,00 plus interest.

Note: Make sure that you ask your bank if they have a pre-payment penalty because you do not want that.   

Finally, about one week later start to pre-pay your three loans.   

Now you have an advance payment record with three banks and will have established powerful credit for your credit report. From now on every type of loan and credit card will be yours for asking.  Here you are with un-touchable credit, three big banks as your future business friends, and a credit bureau reporting positive payment history – all in just under 30 days.  You just learned about one of very few techniques that can change your credit significantly within a month time. Of course you can apply these techniques for as long as you like and keep improving your credit. Apply these techniques discussed and you will get Triple A credit you deserve.

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However child just stood and stared at crayons. The teacher again asked her to choose her favorite color and write her name. The child remained still. Her mother knew she could do this but stayed back to allow teacher to handle it. The teacher then put her arm around girl and told her it was all right, she would learn to write her name during school year.

As little girl and mother rode home mother asked her why she didn’t write her name. Her daughter responded, “She asked me to write my name with my favorite color and there was no pink crayon.”. The little girl, very capable of doing what was asked of her, didn’t do it because situation was not perfect. Many times we are same way.

As you get ready to tackle your debt, do that of which you are capable, not waiting for perfect situation. While it is important to have a plan, it is more important to just begin. A plan may be adjusted as you go, but if you continually adjust your start date, you will never put your plan into action. So, start now, don’t wait for your pink crayon.