Hello from a new member!
I am in the process of rebuilding my shaky credit and am interested in the round robin technique mentioned here:
Ten Simple Ways To Improve Your Credit Score
If I get this correctly, my first $1000 would get me one card. I would take $700 cash advance and get second card with it. Then I would take $500 cash from #2 and get third card. Then I would take $350 advance on final card and put it in bank to make payments. Is this correct? Would I be making minimum monthly payments on all three, or paying more than the minimum? How long would this be kept up for?
Whew! Pretty long-winded, I know.
Thanks in advance for any advice,
Todd