I am going to get a secured credit card to help rebuild my credit. Does anyone have any advice on a good one? I see the offers on the Internet but would like to hear advice from someone who has used one and it worked out well. I need to get my credit score up a bit more before I can re-fi at a decent rate so I want to get my credit score to go up as fast as possible. Any advice appreciated!
I had one through Capital One. I paid $300 which i got back when i cancelled the card. Someone got my card number and supposedly you can't get them to disallow automatic payments no matter how many times they have to remove the charges. I just gave up and cancelled the card.
My husband and I went through our bank (Wells Fargo). Our banker told us that they review your account every 3 to 6 months. She also told us never to spend more than 1/3 to 1/2 of your limit. If you keep your account in good standing and pay it off fast they will first double your limit, i.e. if you opened a secured account with $300 they'll double your limit to $600. If you continue in good standing, within a year, they'll refund your security deposit and give you an non-secured card. Hope that helps.
USAA offers the best regular MasterCard, in my opinion, especially if you want to avoid dealing with the NY banksters. I'm not sure whether they offer a secured card.
Have you tried applying for Orchard Bank credit cards? Credit one credit card? They specialize in approving people with damaged credit.
To rebuild credit it is easier to get a savings account, and get an equity loan against the balance in the account. It allows for the satisfaction of the debt in a small amount of time. Thus allowing the individual to qualify for unsecured credit cards.
by Susan Reid6 years ago
JP Morgan Chase is considering capping debit card transactions to $100 or even $50. It's all about fees they charge per transaction, currently $.44 and proposed to be slashed by Congress to $.12.That's a big hit for...
by Maria Cecilia5 years ago
please help, I am a first timer. Just received a notice from paypal about payments from hubpages. They give options on how to withdraw from paypal, and I chose the one that they will transfer to my bank account in my...
by Davinagirl36 years ago
My husband and I are looking to buy a house in the upcoming year. We have run into some trouble looking for a lender because our credit is, for lack of a better term, crap! I am looking for ideas on how to...
by Uneducated opinio5 years ago
Try and refrain from using a credit card for any purchases that are not a necessity. Things want should he paid in full to avoid getting stuck in ungodly amounts of debts. I learned this lesson a little late but I did...
by Rebecca Graf7 years ago
What questions would you like to see answered about credit card debt?
by nick0714386 years ago
I'm not kidding. I'm already in my sunset and I mean business. I need honest-to-goodness answers. I'm really confused. Can I open more than one pay pal account? Is the pay pal account not...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.