The card Co. name is Orchard they say that they can help reestablish a good credit rating by offering you a $300 credit limit. Have you ever heard any thing like this before ? Do you think it can work and how long before you see an increase on you score? Thank you
2007-06-05 05:18:28 · 4 answers · asked by Crazy Joe 2 in Business & Finance ➔ Credit
I used Orchard bank after my bankruptcy and by being careful and never going over 30% of my credit limit in any given month and paying my bills in full before the due date, I was able to raise my score over 100-points in a year.
2007-06-05 05:31:54 · answer #1 · answered by ? 7 · 0⤊ 0⤋
I've had a card with them for about 5 years and it doesn't make a huge increase in your score right away, but it definitely makes a difference over the long run. (My limit has also increased tenfold over the last 5 years.)
2007-06-05 12:23:36 · answer #2 · answered by zippythejessi 7 · 0⤊ 0⤋
Yes, I have them and they are a great co.. It has help me make my credit better.. and it takes about 6 months to see any changes..
2007-06-05 12:56:47 · answer #3 · answered by shorty21 5 · 0⤊ 0⤋
It can work, but the interest rate they charges are really high so if you do not pay on time, you will be charged more than 20% interest. Before you do anthing, read and understand all terms and conditions perfectly.
2007-06-05 12:31:23 · answer #4 · answered by trendy111 2 · 0⤊ 0⤋