2006-08-07 01:01:57 · 11 answers · asked by tribe2437 2 in Business & Finance ➔ Credit
People my credit score is in the mid 400's. Nothing is being reported to my credit report. I obviously don't have the credit to take out a mortgage, hence the question was "I need to REBUILD my credit"
2006-08-07 03:31:00 · update #1
2 best secured cards I know are from http://www.orchardbank.com and from http://www.nationalcity.com/personal/. national city does not allow online secured applications. Call and request a paper form.
They both report as standard (not secured) cards, both convert to unsecured after a year of good payment history, and both have fairly small deposit requirements($250) and reasonable fees.
2006-08-07 06:10:19 · answer #1 · answered by Jim R 5 · 5⤊ 0⤋
It's a bad idea to do that. The best way to rebuild is to live on a cash basis or without credit. Chances are you have bills that are reported. So pay those on time and get them reporting to the agencies. that will slowly rebuild your credit. Chances are you took a while to hurt your credit so it will take you some time to rebuild it. Most people that need to rebuild get a credit card and hurt themselves again. If you do things on a cash basis you generally don't make as many spur of the moment purchases which is what most people are hurt by.
2006-08-07 02:35:20 · answer #2 · answered by cwenui 2 · 0⤊ 0⤋
If you are in a position to have to rebuild your credit, you do not need a credit card. Pay your bills on time for one year and budget. Get your spending behavior under control before you start back into taking out high interest loans.
Another way to build credit is to get a loan at the bank and put it into savings. Repay the loan through an automatic withdrawl. Do not ever touch the money. Good luck to you in learning to control your behavior in the area of your spending.
2006-08-07 01:09:47 · answer #3 · answered by Kelli C 2 · 0⤊ 0⤋
Don't build your credit with a credit card bill. Yuck.
Buy something good, solid that will make money not spend it.
Buy a piece of property or a little house you can fix up and rent. You can't make money with junk. Buy and build with something tangible. That is why so many people have major credit problems. If you can't pay for it---don't buy it. The only thing to buy on credit is a house, property and a car.
2006-08-07 01:06:06 · answer #4 · answered by Trollhair 6 · 0⤊ 0⤋
This credit card has no credit check so it is guaranteed. The limit is low at first, but it gets bigger as you pay on time. It is great for rebuilding credit because it reports to all 3 credit bureaus. It is unsecured but it is guaranteed acceptance. Sounds like it be great for you.
http://creditoffernow.com/imaginecard
2006-08-07 02:50:39 · answer #5 · answered by Harvy S 2 · 0⤊ 0⤋
orchard economic employer is an outstanding very undesirable credit mastercard yet they could decline you because they do no longer provide a secured product, i'm incredibly certain about that. I used utilized economic employer and had an outstanding adventure with them, spread out a "secured price lower price charges account" for $500 and they gave me a credit line adverse to it, i believe it changed into 9.ninety 8% apr, that area (could of been 19.9%) i'm no longer certain about, I personal a debt contract employer, and performance been a private loan officer till now that for years, and performance been by ability of many hardships, so the answer is extreme, you may also visit a credit fix employer Lexington regulation in supposedly reliable, yet when the debt remains astounding and it receives bumped off they could re-record it.... despite the indisputable fact that the secured acoount can help lots searching on how previous your lates are... be at liberty to e-mail me with questions, in the adventure that they are sparkling it gained't make as vast as an effect as f they are paid or years previous....
2016-11-23 14:02:51 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Read some credit tips on this site
2006-08-07 01:04:44 · answer #7 · answered by Elite female 3 · 0⤊ 0⤋
Whoppers taste bad.
2006-08-07 01:05:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋
i'm sure you'll find what your looking for here
http://www.wesayes.com
they will most likely not require you to secure the card or give a deposit
2006-08-07 01:29:40 · answer #9 · answered by Anonymous · 0⤊ 0⤋
check the Internet and your choice of banks in which you decide to use.
2006-08-07 01:08:20 · answer #10 · answered by Tired of lies 3 · 0⤊ 0⤋