Low credit score... need credit card to rebuild credit?

Question

What creditor can I get a credit card through...even department store just to use as a rebuilder? Score is about 500

Answer 1

SECURED CREDIT CARD
Apply for a credit card. Shop around and only apply for a card if you can meet the lender's requirements. Responsible use (spending within your budget and paying your bill on time) will help you build a good credit history.

DEPARTMENT AND GASOLINE CREDIT CARDS
Since gasoline credit cards are not revolving (cannot carry a balance forward month-to-month), often they are easier to obtain than regular credit cards. Similarly, some department stores offer revolving credit for a specific purchase and this is sometimes easier to establish. It is also a great way to establish credit.

This website can be very useful for you:
http://www.howtoestablishgoodcredit.com/Credit_Articles/index.php?page=1&category=7

Answer 2

You can do a search online for credit cards. You might need to get a credit card that you put money on first then you use that amount. It will help build credit. Department store credit cards have extremly high interest rates. Almost as much as some of those check cashing places. Read the fine print. Don't get a card that charges an annual fee either.

Answer 3

Probably the only way you're going to be able to start is with a secured card with a $300 or $500 limit. You'll need to maintain that much in a bank account with the issuing bank. They will gradually raise your credit limit (and your score) if you keep making the payments on time - preferably more than the minimum, but don't pay the full balance, or they may cancel you!

Answer 4

One of the best credit cards you could get is probably a National City secured card. You can open with as little as a $250 deposit. Unlike many secured cards, it reports as unsecured.

Here is a link to a downloaded application.

http://creditboards.com/forums/index.php?act=Attach&type=post&id=237

Mail the application, with funds to:

CARDHOLDER SERVICES
PO BOX 182019
COLUMBUS OH 43272-5208

It will take about four weeks for your credit card to arrive. National City is a major bank and this will look good on your credit reports. They also have good site for accessing your credit card info and making payments online.

Also, check with your local credit unions, one of them should be able to offer you a secured card.

Also, Target and Macy's store cards are pretty easy to get.

You can apply online or instore.

But for the Macy's they might want you to have another credit card first.

Good luck!

Answer 5

Get a friend to co-sign a credit card and pay all your bills on time.

Answer 6

Try the below company