what is the best credit card to get so i could pay off my debts and start rebuilding my credit?

Question

what is the best credit card to get with a 584 mid fico, i want to pay off all my debts and start paying the card off now that i can afford it? is there one with out an annual fee? i was told orchard bank? i definitley want to get an american express once im at 700? and how long will it take to get me there once i start paying off the debts?

Answer 1

First off, you don't want to pay off your debts with a credit card. I would highly recommend paying those off with cash. Just put money in a savings account, then pay with a money order (make a copy!) whenever you pay off an account. This way you don't have to worry about paying off yet another credit card, because this one will probably have higher interest rate and higher balance. Once you get all your debts paid off then go about applying for credit cards with fixed low amounts. You probably won't get approved for low interest rates (i'm in the same boat myself right now) but there are cards out there. Good luck and just take your time in paying off your debts...with cash or money order. Good luck!

Answer 2

rather stable solutions Your subject isnt the debt, it rather is the form you take care of your cash. while you're making 2600, your lease won't have the ability to be via any ability 2200. What do you devour? motor vehicle coverage? Emergency reductions? .... First you will possibly be able to desire to shrink your lease via seven-hundred or so. detect a good place that has each and every thing risk-free. once you bypass to the food market have the cheap. do no longer endulge or overspend. Open an oline reductions bills and placed 20 for now each and each month. Dont say you cant, you could. AH btw, the reality you have bills has no longer something to do with reductions.... you like extra money, get a extra clever interest, or a 2nd interest. in case you haven't any longer paid late before, with the intention to rescue that credit and get rid of that debt you like an fairly agressive plan. minimum money wont do, interest will devour them. Why on earth you pay plenty on friggin lease??? Are you working a bussiness from which you're making all your cash??? if so you will possibly be able to desire to get one or 2 customary jobs and decrease the lease money to stay to tell the story. assume you like month-to-month 850 a month for lease (utilities risk-free) this could be even seven-hundred. eighty a month for food, asumming you already know a thank you to cook dinner and strech the greenback. one hundred thirty for motor vehicle coverage, = below-average credit 60 = cellular telephone 2 hundred miscelanous costs = gas, etc a month = entire 1260 a month to stay. in case your interest provides 2600, wich is approximately 20 an hour, and you get a factor time for 10/h that provides you at leasts one thousand dollars extra, which would be 3600 a month - 1200 = 2400 to pay on your bills You owe = 30890, Your debt to credit ratio sucks so which you cant ask for extra. forget approximately approximately 0 % provides. So, Pay those 1300 first abruptly to advance your credit somewhat. Then pay the different enjoying cards. do no longer INCURR ANY NEW DEBT. in a single year you ought to be debt loose = 30890/2400 = 12.87 = one eyar aprox.... in case you will possibly be able to make extra money or borrow out of your mum and dad you're inspired to achieve this.

Answer 3

Secured cards can allow you to begin rebuilding your creditworthiness by charging responsibly and then repaying according to your agreement. They can be a relatively quick way of either establishing or reestablishing your credit, and are worth checking out in your plan to gain control of your financial future.
http://www.credit-card-forums.com/Secured.html has so many types of secured credit card that can help you to build your credit.