Is suddenly opening 6 loans to establish credit score bad?

Question by Adams F: Is suddenly opening 6 loans to establish credit score bad?
I'm 21 with NO credit score. I read a good way to establish credit is to open a secured $ 1000 from yours savings account, use that $ 1000 to open another loan with a second bank, use that $ 1000 to open a loan with a third, and pay them all off after 6 months. Once they are all paid off, you do it over again, idea being after a year +/- you'll have 6 loans over $ 1000 paid off with regular payments.

Would

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