Choosing between a credit card, secured card, or loan? related questions

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Choosing between a credit card, secured card, or loan?0Tahmina2012-09-12 15:03:03
I am a college student looking to build my credit. I was originally looking for a credit card , but was told it was a bad idea, and go for a secured card from a bank or a loan . My credit score ( Credit Karma ) is 672, while my VantageScore (also Credit Karma ) is 686. What is my best option ? I'll probably take a loan of $ 5000 ( ? ) , And pay in a year . Or, open a savings account with $ 500 for a secured card . I'm still looking for credit cards , so also remain viable . MedlinePlus I understand the importance and building credit risks , which is why I want to be sure I'm making the right decision . Any links or information that anyone can point me would be helpful . MedlinePlus MedlinePlus Thank you !
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 credit card retarded, so what should I look for when choosing one?3kitten2012-11-03 19:43:02
I'm not smart, but at 22 I've never had a credit card before, and need one. My parents were never people to go to the questions about this sort of thing, and that is why I am posting here. I am quite sure my credit history. I had a couple of credit cards from stores, which I paid and closed, car insurance and student loans, and all this time has been for the past 4 years. I was late maybe twice given the payments. Real is it my fault that I have allowed to remain in the store card balances, and when he had little money, some of which lasted for over a year. I never thought until recently that this could hurt my credit? Anyway, this is my knowledge about credit cards: Open them, use them, will receive a monthly bill that has an expiration date and if not paid, you get a late fee added more balance and additional balances and interest within your credit limit. That's okay, I understand. This is what I am not understanding. Interest rates If you open a credit card with the APR of 0.0% during the first 12 months, we will charge no interest at all in the first year? For example, if I charge something for $ 100 and pay $ 60 in time when I receive my monthly statement is that the remaining $ 40 monthly earning interest? And if there's nothing like this, where I can find this information before applying? A friend told me to go with one of the interest rates at 0.0% APR for the first year no annual fees, pay, and then close it and switch to another without paying first year April. My work is hit or miss when it comes to money. Sometimes I get by with paying my bills with enough money to live comfortably, and paychecks of others can seem a bit sad and I just get by. As it stands now, I'm going to school, need a new computer for her, and I am responsible for my bachelorette party best friends next week. I currently do not have money to deal with everything. Any advice would be greatly appreciated.
Will closing a secured card to obtain a unsecured card hurt my credit score...also more ?s 10pts?1oshar2012-09-23 04:14:02
Is 2 secured cards and a secured loan to much to build my credit?
What Secured Credit Card Does Not Report as a Secured Credit Card?2Tania2012-09-15 05:19:04
I 'm on the basis of repairing my credit so sad . I do not know my score , but I know that I have not reported anything positive , but me paying past debt and my student loan being delayed because I'm at school . MedlinePlus MedlinePlus I just want to set up a secured credit card that does not correspond with a prepaid card - . From what I understand it still hurts your credit MedlinePlus MedlinePlus Thanks for any help !
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?
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
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 .
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 ? :/
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 ?
Should I pay off a credit card, or get a secured loan?0jojo garma2012-09-14 00:39:04
We will be getting a tax rebate this year . It would be nice to try to kill two birds with one stone , but I'm not sure my idea would work . MedlinePlus MedlinePlus I have " very bad" due credit to the accounts of several collections (I have since paid and settled ) . My husband has " bad " credit also due to their low credit history and a high balance of your credit card ( to be served with the refund check ) . We want to build our credit as high as possible to qualify for a mortgage in two years . MedlinePlus MedlinePlus MedlinePlus I wonder if I should use the rebate check to: MedlinePlus - Pay spouse MedlinePlus high credit card balance - Get a secured loan in my name , to be paid in two years , using the money from the loan to pay credit card MedlinePlus spouse - Get a secured loan on behalf of a spouse to be paid in two years , using the money from the loan to pay credit card MedlinePlus spouse . MedlinePlus I do not know what will benefit us better. Thanks for your constructive feedback !
Secured credit card - home loan?0Hail2012-09-24 14:27:02
I'm interested in getting a mortgage loan by mid next year. My score is around 550. I was told to get a secured credit card can help boost my score needed to qualify for a mortgage . I have no debt except a student loan under $ 3k and a car payment that is less than $ 7k . Is this too good to be true ? Please help !

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