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re: Rebuilding credit

Posted on 7/29/08 at 3:55 pm to
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
16492 posts
Posted on 7/29/08 at 3:55 pm to
quote:

She tells me about this loan that I can get, but I only get the money after I pay the loan off.


After you pay what off? The bank didn't give you any money to pay back. In that scenario you would just be handing them over interest and getting nothing.

I think you might have misunderstood what she was explaining.

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