Poor/Fair credit cards– do they really help to rebuild your credit?
by Author on Saturday, March 27th, 2010 | 4 Comments
I have a credit score of 623 and would like to start building better credit. Do these cards for fair/poor credit really work to rebuild credit fast? I don't have a credit card currently.
Related Credit Card Sites
- How to build or repair credit score? | Liberty Credit Repair
- Smart tricks to improve your credit score | US Post Today.
- Credit Card For Poor Credit – Overview | The Com Daily
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?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – credit-report-score.10001mb.com
yes and no. Most will not raise your scores until you have been rated for timely payments for at least 6 months to 1 year
Premier has a credit card that people "for some reason" actually get to rebuild credit.
They charge $240 in fees with a credit limit of $250.
Every 6 months they do a limit inquiry charge and fee you even more.
Not sure why anyone would go for this – please stay away from cards like this.
Google Premier card complaint.
Go to your bank, and ask them about a secured card.
You deposit a certain amount, and each month, you use some of this amount.
Use it wisely and it can turn into a credit card in as little as 6 months.
Don’t pay in full for what you use (replenish funds), and it could take 2 years.
If your bank does not offer this, call around.
About 50% of banks still offer these.
Once this turns into a credit card be sure to never carry a balance or pay interest on your credit card. Paying in full is an easy way to get those 800+ scores.
Credit cards not only destroy your credit ratings when you don’t pay in full, it can devastate lives.
Employers check – don’t dare use credit unwisely.
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I have been using the Orchard Bank secured credit card to bump up my credit. I sent them $200 and have a $200 limit on my card. I looked at a buch of different secured credit cards but they all seemed to have outrageous fees attached to them. I have no fees with my Orchard Bank card and it is improving my credit slowly but surely.