2006-11-18 14:44:23 · 2 answers · asked by jr5594 2 in Business & Finance ➔ Credit
You can get credit cards that you have to put a down payment on...it's called a secured card. Usually you have to put down double the limit of the card. If you use the card and pay it off in full every month, you can start rebuilding your credit. You have to be really careful not to spend more than you can afford to pay off.
2006-11-18 14:48:11 · answer #1 · answered by mbm244 5 · 0⤊ 0⤋
Credit Unions are your friend. They are smaller than banks, and usually know you.
Start out with a debit card so you'll have a "Visa" card.
Stay away from the Providian / Emerge cards -- they'll put you back into bankruptcy! They'll find a way to get you to 30% interest rate within a few months.
Go to DaveRamsey.com. Dave has great advice, the first of which is to chop up your credit cards. He's gone broke himself, and so he understands your situation.
2006-11-18 14:55:17 · answer #2 · answered by geek49203 6 · 0⤊ 0⤋