Q: "How many credit lines should I get for myself?"
Only you know for sure. On average you can add 5-8 of these personal loan/credit lines and get a score increase from each.
Q: "What do they cost?"
Each personal loan/credit line has a different cost. Some are FREE! Others have nominal fees just like a normal credit card will have.
Remember you are in a challenging credit situation. You must take this into account. The lender is assuming a lot of risk when they extend you credit.
Q: "Will there be an inquiry on my credit?"
Sometimes there will be a hard inquiry on your credit. Most of the time there won't be an inquiry at all. Look for those offers. If they fit your needs, enroll!
Q: "How long until they post to my credit report?"
Some can post in a few days depending on when you are approved in relation to the vendors reporting cycle. We have several offers that are guaranteed to report on either the 1st or the 15th.
Q: "How many points will they give me?"
You could get as little as ten points. You could get as much as 90 points. Remember, if you apply for credit that promotes "as much as" 90 points, and you already have a 740 credit score, you are NOT going to get 90 points. You'll get more like 25-40.