Quote:
Originally Posted by StoutFiles
This has been proven to not speed up the process as companies see 5 cards as a lack of self control. The best way to build credit is to have one credit card and always pay your bills on time. Also, I'd use the money you're making for college, savings, or an apartment rather than blow it all on the LS.
However, if you're going to go through with this anyways than you will probably need your parents to co-sign. If you want your car in 2009 you will need to go preorder now-ish; you will be at the back of the line but since you're getting a V6 you may end up cutting some V8 people because of the 50/50 build ratio.
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Not getting a V6, waste of time. Apartment is also a waste of time and money, you will never own it. I am going to live at home and build up a good down payment on a mortgage. And the fire dept will pay for all collage expenses. In the book "Debt Cures" by Kevin Trudeau, it states that having 5 credit reports is optimal for credit building. And having only 1 card means your report could be reported to only 1 credit reporting companies, hence the reason to have more than 1 card.