What is teh best credit card to get to help fix credit? My Credit score is not good...Like a 550...I Need to get a credit card but no one will approve me! Help!
2007-10-11 05:51:40 · 12 answers · asked by Anonymous in Business & Finance ➔ Credit
Go to your bank and ask about a secured credit card. You deposit $x and that is used as collateral for the credit card. Use the card and pay it off in full every month. After 6 months to a year, you'll be able to get a regular credit card.
If your score is so bad, you should consider cleaning up your credit report. Get a copy of your credit report (AnnualCreditReport.com) and start with the newest delinquency and work back to the oldest. Negotiate settlements -- paid negatives are better than unpaid.
Get any settlement agreement in writing and don't give them access to your bank account.
2007-10-11 06:36:24 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
This is easy! I say you're on the right track! Here is what financial teacher Dave Ramsey has to say, who, by the way, has a credit score of ZERO because borrowing money just to build up your debt score is stupid! Anyway... :-) Step One: Save up $1,000 in your emergency fund... EMERGENCY... don't touch this money unless you have to. Step Two: Pay off all your debt! Use the debt snowball... pay off the smallest one first then put that amount towards the next one. It sounds like you don't have too much debt which is GREAT news! Step Three : put away 3-6 months of expenses in your emergency fund. Step Four: Invest 15% of your income for retirement there are more steps (7 total) that I can share with you if you want, but for now just know that even though your credit score is low, if you save up and pay cash, you don't NEED a debt score... that puts all the power in your hands!
2016-05-21 22:15:34 · answer #2 · answered by ? 3 · 0⤊ 0⤋
For Credit and finance solutions I always recommend this website where you can find all the solutions. http://LOANSANDFINANCES.INFO/index.html?src=UCv35OxjTdQ
RE :What Is the Best Credit card to help fix bad Credit?
What is teh best credit card to get to help fix credit? My Credit score is not good...Like a 550...I Need to get a credit card but no one will approve me! Help!
Follow 11 answers
2016-11-07 23:38:47 · answer #3 · answered by ? 6 · 0⤊ 0⤋
bdancer222 gives excellent advice! Secured credit cards are the way to go. But if you plan on keeping that card LONGER then 6 months, do yourself a favor AND DON"T CANCEL IT! Even if you don't need to use it, keep it at a 0 balance. That way it will help your credit history( the longer the better), which is 15% of your score!
2007-10-11 07:11:39 · answer #4 · answered by Angeleyes78 3 · 1⤊ 0⤋
Capitol one offers one for someone who has bad credit. You can also apply at First Premier or Centennial. They will charge a fee for the card and give you low credit scores but if you pay it on time you should be able to improve the credit slowly but surely.
2007-10-11 07:17:34 · answer #5 · answered by ? 5 · 0⤊ 0⤋
what you need to do is go buy a ring or some jewlery at a store and apply for a card there. more than likely you'll get a approved for a small amount. also goodyear tire places have credit too. become a member there, then slowly work your way up. its gonna take a long time. at least 5 to 10 years.
2007-10-11 06:00:27 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Apply for a secured credit card.
2007-10-11 07:13:41 · answer #7 · answered by gonzo 3 · 0⤊ 0⤋
Have you tried WaMu? Washington Mutual? They even keep their customer service centers here in the United States so you are most likely going to speak to someone in English!
But anyway, they will help you with you with fixing your credit score.
Good Luck!
2007-10-11 06:01:43 · answer #8 · answered by Welcome to Colorful Colorado 6 · 0⤊ 1⤋
If you have bad credit, good luck getting a credit card in the first place. Exception would be a pre-paid card.
2007-10-11 05:59:22 · answer #9 · answered by Anonymous · 1⤊ 3⤋
Check out http://www.ineedrates.com
2007-10-11 13:23:45 · answer #10 · answered by Anonymous · 0⤊ 0⤋