Student/Car Loans and Credit Rebuilding Myth?

[babalaco]

I have about 15k in Federal Loans and another 16k in an Auto Loan. After my BK, if I continue to make timely payments on both, will this be enough to repair my credit, or should I try to get secured cards too.

Also, I have a question about a repair tactic i was reading about. I was reading that you should get a Secured credit card and buy about 20% of its limit at a store like Nordstroms whos return policy is ultra lax. Do it toward then end of your billing cycle. Then, during the next billing cycle, take it all back and it will show as a credit (PAYMENT) on that card. This can be used to help rebuild credit.

Now that seems like an awesome idea,,,,if it works. Is there anyway to tell the difference between a return and a payment? Arent both just credits to your account?

[HHM]

Paying those two loans in a timely matter should be enough.

Technically, buying merchandise with the intent to return it, is fraud. Plus, I doubt it affects your credit report that much because its a one time deal, you can't really do that too often. Afterall, what increases your credit rating is CONSISTENT payment over a period of time.