Can an secure credit card really help increase your credit score?
I’m trying to rebuild my credit, I heard secure credit card can help increase your credit score, so I’m just wondering if anyone know which secure credit card is good that report to all three credit bereau?
Here’s some links to some that are pretty good
March, 31st 2010 at 1:09 am
One type of card is no better than another. All credit card companies report to the three credit bureaus. But you might as well pay cash or pay with your ATM card. Or find a credit card that accepts applicants with bad credit. They charge more on interest, but if you are paying timely and the entire amount, why would you care what the interest is?
That is what I did when I had my bankruptcy in 1999. I never had a secure card. You have to pay a ton that you don’t get interest on.
References :
http://www.und.edu/dept/finaid/credit_reports.htm
March, 31st 2010 at 1:27 am
Here’s some links to some that are pretty good
References :
credit analyst/underwriter
http://www.bankofamerica.com/creditcards/index.cfm?context_id=marketing_detail&offer_id=ECOMM090XFEQ00400800121983EN001
https://www.hsbcapply.com/start/orchardbank?pf=PLApply&media=O1AF18_84288651
https://www.wellsfargo.com/credit_cards/secured/?_requestid=10487
http://www.usbank.com/cgi_w/cfm/credit/korean_air/usb_skypass_secured.cfm
http://www.usbank.com/cgi_w/cfm/creditcards/secured/usb_secured_card.cfm
March, 31st 2010 at 2:06 am
Absolutely. Make at least the minimum pmt ea. month. That’s all there is to it. It will take a while before your score starts to increase, 1 yr or so. but its worth it.
References :
experience.