I want to improve my credit score to buy a home. I've always paid cash, so I have no credit cards or car loans. The lender recommended I open a line of credit with a credit card company and make small purchases and pay them immediately. I'd rather purchase a small piece of property here in my town and make payments on the loan to improve my credit. What would be a better choice, open a line of credit or purchase a small lot and make payment s on a small loan for it? Thank you for any advice!
sort by best latest
Thank you promisem, I appreciate your help! I'm going to go along with dburkeaz just because I don't want to get involved with credit cards because I DO have a very healthy savings, there's no reason for cards. Thank you!