Need to have 2 open revolving credit accounts to build a credit score. having 2 secured credit cards help?

Answers:2   |   LastUpdateAt:2012-08-30 00:36:16  

Asked at 2012-08-13 11:56:03
I have a capital of a secured card. I always pay on time and keep a few dollars over yet . I have a car so it will not get a loan and pay 25-29% on a car that does not need. from the bankruptcy that I got a really good job making the most 100k/year . i have managed to save fight 30k this year. I'm mostly trying to find ways to build and goin to get a credit score. and I wonder if you have 2 secured credit cards is a good idea?
Answer1TracyAnnAnswered at 2012-08-19 22:55:02
Secured cards do not report to the credit bureaus , so it will not help . Go to your bank and ask for a secured loan , ie , you deposit $ 1,000 and then take a loan for $ 1,000. You pay quickly and do it again . The interest that will cost , but the report to the credit bureaus . Also ask the bank what you can do. With $ 30,000 in savings , you should have some options , including buying a used car for cash .
Answer2RocioAnswered at 2012-08-30 00:36:16
A good credit score is a vital asset for the present and future business . Much of their credit standing determines what opportunities are open for you, especially when it comes to finances . Therefore, the importance of building a good credit history can not be underestimated . "It's something you can really take to the bank . There are several steps you must follow and some rules that have to adhere to if you sincerely want a good credit standing . However , after establishing his < credit - dignity , you will find that it is worth stress.Another strong point you can do to build good credit is a solid earnings history . Maintain a good record with the banks and other creditors also go a long way in which he portrays as credible. Visit to know more about how to build credit. MedlinePlus MedlinePlus MedlinePlus MedlinePlus To build good credit , it is also useful to get the card national or local retailer . It is always easy to gain credit from retailers and once you have established a good track record with a distributor , you can use to increase your credit reference and to obtain additional credit of others. You will find it very easy to establish a good track record with - > and distributors will be pleasantly surprised by the positive influence they can have on your credit rating.Just as repair bad credit , building good credit takes time and a lot of financial discipline , but in the end , you'll be proud of what we have achieved .
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