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Ive read that, when reporting to credit agencys, some secured credit cards dont state that your card is secure. This makes it appear as if it could be unsecure when someone looks at your credit report. Anyone know of any like this?

2006-11-02 11:09:25 · 5 answers · asked by golf_a_zoid 2 in Business & Finance Credit

5 answers

That is 100% accurate. Most secured cards do not report to the credit bureaus, therefore doing absolutely nothing for your score.

Here is a GEM I found awhile back that you and everyone you know should get:


This is called the Eufora Credit Builder.

Its a MASTERCARD, and you can use it anywhere you like just like a DEBIT CARD with PERKS.

http://www.goeufora.com/418121496892

Its a "loaded value " card from Bank First.

It costs $99 for a 2 year membership ($49.50 a year) plus another $10 per month.

Sound expensive huh?

See how expensive your credit cards, auto loan, mortgage and insurance is with lousy credit!

A hell of a lot more then ten bucks a month!!!


The neat thing is that it reports to the credit bureaus that you have a "OPEN INSTALLMENT LOAN" which is EXCELLENT FOR YOUR SCORE.


You simply load money on the card and they will automatically debit your monthly $10 fee and report it as a payment to the credit bureaus.


I have had one for almost a year and every month my score goes up.

Funny thing is, I never even have to use it.

Really good card, I will recommend it to eveyone.

IMPORTANT:

Just make sure you get the "ELITE" level

AND

"Credit Builder"


Without it, it will not be reported to the credit bureaus.
In case you still aren't convinced, here it is again! CLICK IT! http://www.goeufora.com/418121496892


Here is where I originally found it a good article on building credit and piggybacking.......



Trust me, you will be glad you got it.

2006-11-03 15:02:30 · answer #1 · answered by Anonymous · 1 0

A "secured" credit card works great for building your credit !

It basically means you give the bank $1000 they then give you a credit card with a $1000 limit... you go shopping, and pay the credit card bill when it comes monthly like normal credit cards... The $1000 sits in the bank and does not get touched, that's where the title "secured" comes in. The banks don't need to tell anyone that it is secured or not.. that means nothing except to the bank you are doing business with!

(Do not do business with captial one or any bank associated with them) but thats a whole different story!!! TRUST ME !!

In a few months you have credit built up and you can ask for a higher line of credit. Aaaaaaaaaaah the credit cycle has now begun.... Good Luck and pay off your credit card debt EVERY month and life will be good !

2006-11-02 11:43:30 · answer #2 · answered by Kitty 6 · 0 0

For financial and credit subject I was search for solutions at this site: HTTP://FINANCE-SOLUTION.US

RE Which are the best secured credit cards to help re-build your credit?

Ive read that, when reporting to credit agencys, some secured credit cards dont state that your card is secure. This makes it appear as if it could be unsecure when someone looks at your credit report. Anyone know of any like this?

2014-09-11 11:15:53 · answer #3 · answered by Ola 1 · 0 0

This site is for comparing rates for you and free WWW.CREDITVAULT.NET

RE:Which are the best secured credit cards to help re-build your credit?

2014-07-14 12:09:52 · answer #4 · answered by Anonymous · 0 0

Get free rates

2015-02-12 12:37:01 · answer #5 · answered by ? 1 · 0 0

Try https://tr.im/1ocMO

2016-07-24 09:20:25 · answer #6 · answered by ? 6 · 0 0

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