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

With let’s say a $1,000 in your account, ask the 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 the 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 the 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 the 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 the $1,000 secured passbook loan from your first bank, open a savings account at another bank with the $1,000 loan received from the first bank.

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

Next, at one of the three banks open a checking account with the $1,000 you received from the 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 the 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 the 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 the Triple A credit you deserve.

About The Author

© Copyright - 2004 www.deleteuglyredit.com

Omar M. Omar is the owner of http://www.deleteuglycredit.com and - Author of "The Credit Repair Bible" book. The website is dedicated to providing credit consumers free advice on how to repair credit. It also provides credit consumers numerous information about their credit report, credit laws, and their rights as a consumer.

omar@deleteuglycredit.com

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