I am new to Yahoo answers.
This is my first question.
I have bad credit and need a card or several that reports to the credit bureaus.
Can you please send me a link to a place I can apply for a really good card that will help build my credit?
2006-11-05 09:54:45 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
http://www.secumd.org
SECU has a 12.9% secured, NO ANNUAL FEE credit card which requires a minimum deposit of $300 into a share savings account. If you have relatives who are members of SECU - you can become a member and take advantage of this opportunity. Good luck.
2006-11-05 10:02:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The first rule of holes -- if you're digging yourself into a deep hole, STOP DIGGING (and throw out the shovel).
If you have bad credit then you will get cards that charge 20+% for the card, and 33% the first time you are a few minutes late with your payment (I'm not making that up -- a few minutes!!).
You will build your credit by paying off all of those bills on your credit history.
Finally -- Dave Ramsey is your friend. Get his book, read it, and then decide how to handle your money.
PS - I am not associated with DR in any way, I just know he has good stuff.
2006-11-05 10:04:18 · answer #2 · answered by geek49203 6 · 0⤊ 0⤋
Firstly clear any debts that remain. Then make a purchase on a one of those 12 months to pay plans and make the payments in full in that time. At least you will have a lounge to sit in or a refrigerator to show for it. Usually this will lead to good credit with a lender - then you can move onto a card.
2006-11-05 13:08:54 · answer #3 · answered by auntynoall 4 · 0⤊ 0⤋
A secured card from a major company, such as Visa, MasterCard, AMEX, and Discover will work.
2006-11-05 13:55:14 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
American Xpress
2006-11-05 09:56:27 · answer #5 · answered by Anonymous · 0⤊ 1⤋