What kind of credit card can you get if your name in collections?

Answer 1

Do not pay attention to the harsh answers that you received. No one knows what caused your collections or what your situation may or may not have been.

There are alot of cards that will approve you, but there are very few that you actually want.

Avoid First Premier, Tribute, Rewards 660, Imagine, Total, and Continental Finance. These are all high fee / low limit credit cards that amount to nothing more than a scam.

Avoid secured credit cards. Most will report your status a secured and this does nothing to help rebuild your credit.

Avoid Capital One. They do not report your credit limit and that damages your credit score. Example, they give you a $500 limit and you use $250, they will report your limit as $250. This will damage your credit score because instead of using 50% of your credit limit, it looks like you are using 100% of your credit limit.

So far the best card I have found for building/rebuilding credit is Orchard Bank. They have a low interest rate (14.90, good for a sub prime card), low annual fee, no hidden fees and if you manage your account properly, they give excellent credit limit increases. You can get more info on Orchard Bank at http://www.creditcardindex.org/orchardbank.html

Answer 2

are you able to get them to paintings out a charge plan with you in the previous they turn your account over to collections? are you able to pay even $20 a month? Are you refusing to pay given which you do no longer think of you owe the money, or is it merely which you will no longer be able to pay? while you're disputing the debt, deliver them a letter asserting why, and touch the credit bureau asserting the debt isn't valid. That way, interior the destiny, potential lenders can see that it wasn't merely which you does not pay. One undesirable debt won't destroy your credit, even nevertheless it is going to diminish your score and score. of direction, in case you purely earn $7/hour, you will no longer qualify for lots credit besides, so it is not precisely going to destroy you. as quickly as the collections enterprise has the debt, they might properly be prepared to paintings out a charge plan, and as quickly as you initiate paying on it, which will seem good on your credit record. even nevertheless it may well be better in case you may desire to ward off that interior the 1st place.

Answer 3

One that will charge you too high an APR, and too many hidden fees.

Don't dig a deeper hole than the one you've already backed yourself into. Contact a credit counseling service (check your yellow pages or look one up on-line). Pay off your existing debts - clear your name and your conscience - and learn to live within your means, even it means doing without something you want for awhile.

Been there, done that, learned up close and personal that you'll be a whole lot happier being debt free, than being free to get deeper into debt.

Best wishes -

Answer 4

why would you want more debt when your name is already in collections? I would suggest paying off what you have, and forget about the credit cards, they are nothing but bullshit anyway.

Answer 5

If you are being hounded by collections, you probably don't need another card. Consider debt counseling instead.

Answer 6

Secured cards

Answer 7

Apply for a pre-paid credit card. You have to pay in advance and can only spend what you paid in.

Answer 8

What you want to do is free your name from their databases there are several legal ways to do this, the most effective is to ask them to validate your debt. go to www.adviceontime.com go get the full scoope on how to remove your name. then you can get any credit card you want.

Answer 9

maybe you should get your name out of collections instead of digging more debt. not the brightest one, are we?

Answer 10

haha...classic