What are the most effective secured credit cards for use in repairing ones

Credit and mortgage advice Forums Consumer Credit Credit Repair What are the most effective secured credit cards for use in repairing ones

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    • #424744
      Anonymous
      Inactive

      Get a second job…waiting tables at night, or working in retail. It’s not anyone else’s problem to bail you out.

      Ok, thanks for the updated information. I just always am in the mindset that I am responsible for myself, so if I had to work 18 hours a day to make ends meet, I would. I agree with the poster below to call the loan company and see if they can work something out with you. They’d rather have you do that than default on the loan…especially with the amount of people going into foreclosure these days. I think his advice is good!



    • #424745
      Anonymous
      Inactive

      I suggest you contact 888-995 HELP. This is a HUD approved credit courseling service. Don’t lose your investment to foreclosure, you might be able to work something out with your creditors.

    • #424746
      Anonymous
      Inactive

      Have you called the bank and explained your hardship? If you are only 3k behind they will probably let you tack that on to the end of the loan and start fresh. I believe they call it a forbearance. When you call then don’t be scared, they do not want to foreclose and they want to work with you. Soon as they answer ask for the loss mitigation dept. If they ask if they can help say no and insist on talking with that dept, they are the only ones who can help you. Do not take no for an answer, and if you cant get a yes hang up and call back in 8hrs, be persistent and someone there will help.
      Good luck

    • #424747
      Anonymous
      Inactive

      Have you ever thought like this…you can source out any other property owner who might own a slightly smaller property and is willing to exchange it with your property and the difference can be settled on a mututal basis. The diffenence can get you going in a better way and probably start a small buisness and your life can take off, and you never know if things work well for you, your might be albe to buy another property some years down the line.

    • #424748
      Anonymous
      Inactive

      You single now, so go out and find a electrician to date. On one of the dates have him fix the electric in the room. Once the room is fixed you can now rent the space.

    • #424749
      Anonymous
      Inactive

      Consider helping yourself decide to get out of debt then take action! nothing can stop a man or a woman on a mission. if your motivated to change your situation visit me at http://www.lucrativecompensation.com All things come to those that choose.

    • #202558
      Anonymous
      Inactive

      credit score? I understand, by making one minimal purchase of below 10% toward its limit on such a card, paid to zero before billing each month is ideal. Also, I suppose the higher the limit the better. Any experienced advice?

      Thank you,
      rdc

    • #258877
      Anonymous
      Inactive

      Any secured card is fine as long as it reports to the 3 major credit bureaus.

    • #261176
      Anonymous
      Inactive

      The number is 30%.
      Never go over 30% of your available credit.
      Higher limits, better.
      Pay for things you need like food and gas, and pay in full each month when the statement comes in.
      You will never pay a penny interest and achieve 800+ scores from using credit cards alone. I am proof.
      Get 2 credit cards.
      Find one that gives you cash back on gas or purchases.

      Secured cards to dont affect your scores until you use them well for 6 months.
      Do you have a checking account?
      Ask them to send you a visa card attached to the checking – easiest to get.
      /

    • #268574
      Anonymous
      Inactive

      Credit cards are never good for repairing credit. If a person has bad credit it is usually because they are not good with money, a credit card in their pocket is a tool of destruction. Let’s face it if your credit is poor why temp yourself into making it worse. If you want improve your credit score find something you need, save approx. 50% of what you need. Then go and ask a bank for a personal loan, even if they have turned you down before, they will look at loaning you the money with a 50% down payment. After all if you don’t pay, they will repossess it and be able to get their money back. But with 50% down, you have more to lose than they do, so you are more likely to make your payments on time and that will repair your credit. Once you prove you are more responsible now it will be easier to obtain credit. That is the best way to fix your credit issues and prove that you are now credit worthy. Just don’t over extend your self again and you will be ok.

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