- Oct 27, 2017
You can get a reverse loan right? When I first moved to the US, I immediately opened a line of credit but not everyone that moved at the same time as me did. A couple of years later a friend that never did had to raise his credit number quickly for a car loan or something and he used this reverse loan thing from the local credit union. Basically you commit to pay like $200/month for a year and then the bank gives you the money back. I never looked into it so I dont know how much it helps, but he said it worked.