I filed for Chapter 7 Bankruptcy eight months ago. Currently, I do not have any credit cards. (I had to go bankrupt because I could not afford to pay unexpected medical bills.) Thank you for your assistance.
2007-12-29 01:26:08 · 6 answers · asked by sdn90036 6 in Business & Finance ➔ Credit
it should help you but make sure to drop that card once your credit score gos up because most of the time this cards charge you alot of interest but to get you going is good, check out www.fastcreditcardapprovals.com here you will be able to compare all major credit cards side by side on rates and rewards, no matter what kind of credit you have they have a card for you.
2007-12-29 04:39:32 · answer #1 · answered by Anonymous · 0⤊ 0⤋
What improves your credit rating is paying your bills on time. Whether these are your utility or rent bills, or credit card bills, or any other obligation does not matter. If you can get a credit card, use it for purchases that you could otherwise pay in cash, then pay the bill in full and on time each month, it should help your credit rating.
2007-12-29 01:33:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yea, the credit bureau doesn't report if the credit card is secured or unsecured, just that it's a credit card. So yea get a secured card but I'd suggest one from your bank or if your bank doesn't offer it, Bank of America. BOA has a policy of giving applicants an opportunity for a secured card even if the applicant doesn't bank with BOA.
2007-12-29 03:04:09 · answer #3 · answered by gloristar 2 · 0⤊ 0⤋
employing for a credit card itself won't advance your credit. in actuality, the applying itself can harm it. favourite inqurires into your credit checklist decrease your score (a million or 2 do no longer do lots in lots of situations). the cardboard although could help your credit. issues to do in case you get a credit card: a million.) Pay in complete each and each month. fee $40 onto it, then pay it off the subsequent month. this could certainly look very sturdy on a credit checklist. 2.) in case you are able to no longer pay it off suddenly, shop it low. It seems sturdy on a credit checklist in the journey that your stability on your card is a million/2 of or decrease than your credit shrink. (Ex: you have a shrink of $2 hundred, shop your stability at $one hundred or much less) 3.) i can not rigidity this one sufficient: consistently pay on time. a great style of credit card companies do no longer care if "existence" prevented you from paying your bill on time. they're going to advance your expenses, decrease your credit shrink, or perhaps close your account, fairly in the journey that your credit's no longer so sturdy. yet come on, we've been studying on account that pre-college to be "On Time" so in simple terms make a consious attempt of it, should not be too no longer person-friendly, perfect? What i in my view did to first set up credit: Took out a small, very own, unsecured very own loan with my financial enterprise. Loans are somewhat greater secure than credit enjoying cards. credit enjoying cards you are able to shop development your self into debt, loans you do no longer lots. They build credit an identical way although!
2016-10-20 06:36:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, a secured card will help improve your credit score if don't default on that card. Secured cards are reported to the credit bureaus but not prepaid cards.
2007-12-30 03:11:00 · answer #5 · answered by chococherry 3 · 0⤊ 0⤋
Yes as long as you make your payments on time.
2007-12-29 01:43:26 · answer #6 · answered by Paige Turner 3 · 0⤊ 0⤋