I have used this method before in a credit union. But they also locked up the same amount borrowed. Which means it only benefits your credit report when you pay the total amount back. You also may be charged interest. Which means you are paying them to increase your credit score. You before have a plan to double your money or your just simply moving money around. To show good banking and payments history. This also depends on terms. Your welcome. For the free knowledge π
I been so behind, i just learned about a high yield savings account. I had 30k sitting in my greendot account for at least a year, just opened an account with Sofi the other day where the APY is 3.8% so I'm moving all of that money over there, could've made an extra 1200$ if i knew earlier, but now i do, I'm gonna keep adding to that account and let the interest pay my phone bill and a credit card off every month. Smh, got alot to learn.
Itβs very important to do your own research. Donβt just blindly listen to info on the internet. Chase definitely does NOT offer any of the products he is talking about. π
Great advice
We move our money around from Back to bank shopping for the best rate on the HYSA.
How much do you gotta put in it for it to be worth it...?
Where can i learn more about this?
Bruh Chase donβt got no account like that π
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You know Chase does it? But they donβt lol I work there
Ignant
Poor ppl talk
@pstroke5346