what is the best credit card to get to repair my credit?
Credit Card
mandie m asked:
My credit is looking really bad, and im ignorant when it comes to credit, and credit card lingo. i was wondering if there was a card to get that is better than others, with my bad credit. and if there any other good ways to help to repair my credit?
Nancy
My credit is looking really bad, and im ignorant when it comes to credit, and credit card lingo. i was wondering if there was a card to get that is better than others, with my bad credit. and if there any other good ways to help to repair my credit?
Nancy
May 15th, 2009 at 12:27 pm
June
First of all know that you will pay a higher annual percentage rate .Having said that apply for a secured credit card ..you will need to have a savings account with say 200.00 in it try and get a credit card for 200.00 this way the creditor knows you have money to back up the loan pay on it for at least 6 months only have 1 credit card pay it off …Make sure you pay on time no late payments ..then apply for another 1 and this will improve your credit rating.Good luck I was there before so I know from experience.
May 16th, 2009 at 6:14 am
Mary
Yes get a debt card!
You only get a bad credit rating if you are not able to pay your credited bills on time. Getting MORE credited bills (ie any other credit card) will only make your credit rating worse NOT better.
So the only card you can use to repair your credit is a debt card and you move all your bills to your debt card then GET IN FRONT!
May 16th, 2009 at 6:13 pm
Rosa
Companies like Capital One, Orchard Bank, Citibank can help to repair your credit. One of the many benefits of using one of these preferred lenders is that they report positively to the major credit scoring repositories. But interest rates from these companies can be up to 25-30% annually.
Most of the major banks and lending institutions can offer secured credit deposit before backing a credit card for you. A secured credit card may be the only option for some people with a poor credit history. Since the card is backed by a savings account, there is less risk for the issuer and it is easier to qualify for the card. A secured card has a maximum credit limit set equal to or as a percentage of the amount in the savings account. Before applying for a secured card, be sure to look at the minimum amount you must maintain in your account to be eligible for the card.
May 17th, 2009 at 11:18 pm
Heather
Debit MasterCard is best.
Guaranteed Approval Debit MasterCard -FREE Online Check Writing, FREE Direct Deposit. No credit check 100% Approval
May 19th, 2009 at 3:52 am
Donald
I use to have very bad credit, this is what i did. A friend suggested using,. Its an info web site you do have to pay like 15 bucks in order to access there 295 pages of info but its worth it. They walk you thourgh the steps in order to rebuild your credit. I got my first credit card in about a month. Oh and by the way there no such thing as someone els repairing your credit for you, they are all gimicks.