I am trying to rebuild my credit, is a secured bank loan better than a secured credit card? related questions

Answers
Asked by
Updated
Captial one card NON SECURED that I will be receiving or SECURED card from US bank to rebuild bad credit?1VICTOR2012-11-04 01:48:02
Please read this in its entirety and only respond with appropriate answers to all questions. Do not list fake websites or informed him that! I want to say first that I have 25 years of age and again in 2004-2005 went through some credit problems. I have not had any credit since it has no debt and credit, and has been paid for almost two years all accounts are closed. I have 3 negative accounts arising from my reports late 2012. I'd like to start rebuilding my credit. Recently I have been rejected by the Bank of America for a normal card convinced me of the application and a secured card, so I have two queries from January 2010 of them. An investigation in February 2010 to choose a sum insured NOT A card with a $ 39 annual fee and are approved will receive next week, but after much criticism of the company seems to have deceptive business practices, increasing APR rates and instead of putting say $ 300 as a credit limit that is put in place what position he would hurt me to use my credit results. If you try to close the account, add the charges to your account fraudgelant etc. Their customer service is in India and not good. Is this true? I read this on yahoo answers and my 3 cents complaints. If so should I try a U.S. credit card SECURED down to $ 300 with a $ 35 annual fee? The credit union does not offer far secured credit cards. If I can get a secured card U.S. CD Bank should open a 1-2 year $ 1,500 guaranteed with my bank is Harris Bank to show a loan? I have two charge offs and a credit card account with a couple of late payments 90 days which is also closed. I have 5 accounts per day, but are closed and were never used. What will my credit score go up from 1-2 years from now? Currently all questions before new for 2010 were my TU FICO: 597 Equifax: 648. I will only be using 7% of my limit of $ 300 rather than 30%. Refer to my other question here from the other day for more details on my credit standing entitled
I am trying to rebuild my credit, is a secured bank loan better than a secured credit card?1Crazy_Girl 2012-09-02 02:11:03
Capital One I have already insured with a limit of $ 300, I was thinking of getting a credit card or secured loan through my credit union. I have about $ 1000 - $ 1500 to get something .
Is 2 secured credit cards and a secured loan enough to rebuild credit? detailed info inside 10 points?1Sum1Special2012-11-04 22:07:02
I have defaults on student loans a few years ago , due to the difficulties . also a credit card . i finally started to pay off student loans and I hired a company to repair my credit by sending letters to take my negative reports. Meanwhile I wanted to build my credit because id like to own a house in two years after im married . Will 2 secured cards and a secured loan work ? help
Is 2 secured credit cards and a secured loan to much? i need to rebuild my credit its terrible?0abeer2012-09-25 12:32:02
Is 2 secured credit cards and a loan guarantee to both ? I need to rebuild my credit is terrible?
Using share secured loans and secured credit cards to rebuild credit?0Amelie2012-10-01 07:02:03
BACKGROUND : My Equifax score is 516 .. I just raised 61 points to 455 in the last 30 days for " clean " , my total credit outstanding is 24,000 to 17,000 .. or about 74 % at maximum .. 12,000 of that balance is a car loan that I was late in beverages and have had it for 10 months MedlinePlus MedlinePlus Now my question is : I want to lose my reason for using credit .. below 50 % this increase my score ? And if so to what extent? MedlinePlus My plan is this : use my credit union share secured loans .. I just got one for $ 1,000 and can reach as many as you want essentially the same $ 1,000 .. I want to get at least 10 of them ( $ 10,000 ) to pay one or two months after posting bail my back and pay the next and so on until all pay off in the second month .. MedlinePlus I am also receiving a $ 2,000 secured card next week .. thus bring about maximum credit to $ 36,000 and ill be below 50 % usage .. MedlinePlus Any comments questions or ideas are appreciated .. MedlinePlus ( Note : I can not use my money to pay down the balance directly because I have anindoor flea market and needs the funds to pay suppliers and invoices at the end of the month .. but I can not use it in the mean time and this situation is no risk)
Is a secured credit card a good way to rebuild credit?3Clothilda2012-10-19 06:54:02
I have had some past credit problems , but I have paid all my bills pending in the collections . Currently I just keep paying my student loans . I want to apply for a mortgage in the near future and want to improve my credit .
Secured Loan or a Secured Credit Card, which is better to raise my credit score faster?0Dianne2012-09-17 17:03:03
I have to be able to raise my credit score fast , like in 3 months or so . I have only two credit accounts . One is 614 and another one is 530. I have to be able to have an average of 580 traffic in a hurry , which is 3 totals . They told me if I get 2 or 3 credit cards secured , use them and then pay off at the end of the month , bring my credit score quickly. But I was told that if I were to get a few secured loans and do the same , it would help me out better, because interest rates and fees on a secured credit card . So much have two questions here . Is it better if I get 2 or 3 secured credit cards or get 2 or 3 secured loans ? It is also better to have 2 or 3 in any of these or a large one?
I am trying to build my credit at 19, should I apply for a secured credit card or a secured loan?0madalyn2012-11-05 14:07:02
I have no credit history , but I am very responsible and I have a good job , while being a full time student . I've been doing research for the last few hours and see that a secured credit card is my best bet. I would make the payments on time , complete, and do not mind paying the annual fee , I think it's worth . MedlinePlus MedlinePlus However, my union bank offers a secured loan ( that do not offer a secured card , which are small and private ) MedlinePlus MedlinePlus So one must ask ? :/
Whats better a secured loan or a secured credit card for credit report?0janel2012-10-15 08:27:11
I have $ 800 would help my score to get a secured credit card or to find a secured loan. Also if I can put my name there husbands are informed both our reports or just the first person on the loan
Which one is better to build fast credit history, secured loans or secured credit cards? any bank recommended?0seesaw2012-09-28 04:45:03
Which is better for building credit history fast secured loans or secured credit cards ? recommend any bank ?
No credit, Is it benficial to take out a secured loan and a secured credit card?0kapki2012-09-28 17:49:03
I have no credit, build credit faster to get a secured loan and a secured credit card ? or if only one of the two will be the same ? Also , anyone know any good secured credit cards ?
Secured savings loan to rebuild credit?0CC2012-08-21 16:12:04
I was wondering if it is possible to obtain a secured loan savings and pay back the first month to help rebuild my credit? MedlinePlus MedlinePlus Also what would have the greatest impact on my rating , pay off the loan in the first month or pay back over time?

Ask New Question  

  • You are not logged in,answer will be Anonymous.Set Nickname | Sign In | Sign Up
  • tags separate by ','
  • Shortcuts:Ctrl+Enter

Latest Questions