Use passbook or CD loans to boost credit score

Published



Want to improve or establish your credit? Try a passbook loan or a CD loan.

From 40 million to 50 million Americans are considered “underbanked” — they have no credit or a “thin” credit file. Add to that the millions of families with bad credit from unemployment, mortgage meltdowns or other loan defaults, and you have a lot of people wondering what they can do to improve their credit plight.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.