Hi everyone so due to an injury at home 2020 I had to stop working I needed an operation but got it and in recovery, i feel into poor credit and ill be on list for 5 years after my debts are paid off so it's obviously impossible to get a loan!!
So I'm receiving €105k inheritance money, my debts amount to €26k and my daughter is starting college soon so I want to pay that too
So I'm thinking if I put the €100k into a credit union or bank would it be wise to take out a loan on the collateral collateral of the €100k to build up my credit score clear my debts and keep my €100k... its mostly to build up my credit score, is this a good decision and if so can someone tell me banks or credit unions or where that gives the best interest rates on this or any advice would be greatly appreciated
Thank you
So I'm receiving €105k inheritance money, my debts amount to €26k and my daughter is starting college soon so I want to pay that too
So I'm thinking if I put the €100k into a credit union or bank would it be wise to take out a loan on the collateral collateral of the €100k to build up my credit score clear my debts and keep my €100k... its mostly to build up my credit score, is this a good decision and if so can someone tell me banks or credit unions or where that gives the best interest rates on this or any advice would be greatly appreciated
Thank you