I just transferred to the US for my company and I would like to establish an excellent credit score as fast as possible. Worries about payback and the height of the loan is not really an issue.
Therefore I have a couple of questions:
1. does the height of the loan and the length of payback affect my score ?
2. I have the option of a cd – secured loan and having someone with a good score co-sign on the loan. Will the outcome be different ? which would you prefer ?
I already have some credit cards, that I pay back in full every month.
Please do not reply if your knowledge is based on guessing and hearsay.
Best regards
Bubba
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