Would taking out several small loans, then paying them off shortly after recieving them help boost my credit?

No. The longer it takes to pay it off the more credit you get, if you make your payments on time.

You'll have to deal with interest, but that's how it goes. You'll get credit if you pay off the entire loan before it's due, but you'll get better credit if you take your time paying it. The key is to make at least the minimum payment ON TIME each month.

You get charged interest and with the economy being so bad, banks don't just give out loans anymore. I am not sure if it boosts credit. If you are wanting to boost credit, take out a credit card and when you buy larger items, use the card and then pay off your card each month.

Don't open too many and don't pay them back so fast.....credit history is the words to remember....if you have a short history then there is no effect good or bad a creditor will not be able to determine if you can make long term commitments.....if you decide to take out any loan make the repayment terms for at least a year

No. You need just one or two loans, doesn't matter how big or small... and you need to have enough payment history. atleast a year, to raise your score. Taking out a bunch of small ones will hurt you because it makes you look like a risk.

I do understand what you mean, though. Take out a Personal loan.... just one. I took out a 5k with Citibank. And I paid it off in exactly one year. When I went for a mortgage, the bank noticed it and actually congratulated me on it (lol)

No, this from a banker. Paying it off quickly just tells them you have money at that time. It does not prove your reliability in making payments on a steady basis. Take the one loan out and pay it back according to the payments due. Do not pay it off quickly.

has long as you pay on time.... then yes it does...