 Will it look bad if I cancel my credit card? |
| I currently have 2 credit cards. I've had my visa for over a year and my mastercard for less than a year. My visa has a $1000 limit and my mastercard has a $500 limit. I'm planning on ... |
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 I have a credit card, how can I get sum cash from an ATM without my pin.? |
| This is a credit card, not a debit card. I never recieved a pin number for this and all the banks are closed.... |
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 Is it legal to remove items from your credit report? |
| I am getting a credit card but I want to remove something from credit report. Is it legal to remove items from your credit report?... |
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 Confused about credit scores...what is the fico score? |
| Im going to be applying for a loan soon and the loan officer said i should have a minimum FICO score of 660. Well i pulled all three of my credit scores and they are all different! My experian score ... |
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 Bankruptcy? |
| My mom and my fiance need the cheapest way to file bankruptcy. They both qualify (done consults with lawyer who quoted them at almost $2,000 to file). I can use all the help I can. Info on how to ... |
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 Can i cash a check that does not have a name on it? in place of a name it says cash. and its signed .? |
| i was given a pesonal check and instead of putting my name on it they put cash and signed the check. she told me that i can go to any chase bank and cash it. but i dont think thats possible. is it?... |
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| Need help with debt...please anyone!? |
| ok about a week ago i was in debt 15,000..to tell you the truth, i was pretty comfortable with that..but something happened and now ill owe 25,000..just thinking about it makes me want to throw up ... |
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 PayPal ? what about it? |
| what is paypal payment? how can i pay with paypal?... |
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 I was wondering if anyone knew how I could find an immediate loan of $3,000, my credit isn't good, income is. |
| to explain a little better.... 5 years ago my father died and it hurt my finances because I had to relocate 3,000 miles to help my family. Currently, I have a great job with good income and I just ... |
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 After I apply for a credit card and get approved, when can I use it? |
| I am preapproved for a secured credit card and I'm going to take the notice to Bank of America and deposit money in there so I can use it. Will they give me a card number after I apply so I can ... |
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 If you have a bad credit score, what can you do to make it better or the scor5e higher? |
Additional Details
I can't and won't get into too much personal detail but mainly it's been past debt that's gotten me into trouble with credit score. Also I wan'... |
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 If you pay of your credit card every month avoiding....??? |
..... interest does it build your credit the same way as not paying it off every month??
What is the BEST method of building credit?... |
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 I need help on which credit card i should apply for? |
| I'm a full time college student and I have a part-time job. I already have a bank account at WaMu, but I was wondering which credit card line i should apply for? I was thinking of either C... |
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babydoll | Secured credit card? |
What exactly is a secured credit card? |
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$m¤¤v¥ £¤¢¤
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A secured credit card works exactly like a regular credit card, the only difference is that a deposit is placed upfront that would be used as collateral for a credit limit in the same amount. The deposit would not be used to pay on the balance, you still would have to pay either the minimum balance, or the whole amount in full, on time every month. The deposit would only be used if the account became delinquent where it would be closed and then it would be used to pay the balance. A good advantage with secured credit cards is that the credit limit can be increased by adding to the deposit, and also the deposit gains interest while you're building up credit. Usually it takes 9-18 months for the card to change over to a regular card, providing you've paid on time every month, and used the card lightly my making small purchases on the card. I've posted links to several secured credit card companies, including Bank of America which Scotty had mentioned. Citi also has a very good secured card where you can gain interest on a certificate of deposit at a very good rate. |
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Mountain Top
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It is a credit card with a bank who takes a deposit (usually up to a maximum of $5000) which is placed in a savings account. This savings account is frozen as to your access to it because it guarantees repayment of the credit card, which then has an identical limit. Usually after one to two years, if your credit score improves, the savings account will be released, and the credit card will be exchanged for an unsecured card. The new unsecured card will be reported to the credit bureaus as if it had been started at the date of the original secured card - and will look good to the scoring systems.
A secured card is reported as such to the credit bureaus and is scored differently than a pure unsecured card.
The secured card program is an excellent way in which to rebuild a lot of credit fast if you have good income, and just had a hiccup in your credit. |
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Scotty Doesnt Know
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A secured credit card is a credit card issued by a bank in exchange for you putting up a savings account for "security."
In other words, you put up $300 in a savings account, and the bank will give you a credit card with $300-500 credit limit. As you develop a good payment history, the bank may at some point in the future let you have your security back, or they may increase your credit limit.
Bank of America has a great Secured Credit Card program. |
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Barbara S
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Maybe you can try below website to get the information you need. It's about secured credit cards articles for your second opinion. |
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twv2351265
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Secured credit cards are a great way to rebuild your credit. Most secured credit card companies require a deposit equal to the credit line your are seeking. Make sure they report your payment monthly to the major credit bureaus. Making your payments on time monthly will increase your credit rating. You will also get you deposit returned to you after one year, turning your secured credit card into a unsecured credit card. |
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KyOOt T
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Prepaid credit card. You have to deposit money first into the card before you use it. |
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Zappyzip
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one that no one knows about |
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