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My score is 580 what card should I try to build my credit?

- Asked Oct 29 , 2017

 

With a score in the 500s, your credit is considered poor and you will likely need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. The Capital One Secured Mastercard and the Discover it Secured Card are both great options.

 
 

What is the best credit card to apply for with poor credit? I want to try to build my credit.

- Asked Oct 1 , 2017

 

If you have poor credit you will likely need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. The Capital One Secured Mastercard and the Discover it Secured Card are both great options.

 
 

What is the best card easy to get for rebuilding credit? I'm finally getting my score to go up and I'm around 535.

- Asked Sep 25 , 2017

 

With a score in the 500s, your credit is considered poor and you will likely need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. The Capital One Secured Mastercard and the Discover it Secured Card are both great options.

 
 

Do you have a credit card for people with bad credit?

- Asked Sep 20 , 2017

 

If you have bad credit, you will likely need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. The Capital One Secured Mastercard and the Discover it Secured Card are both great options.

 
 

I would love to get a credit card but since I am still working on my credit I basically keep getting denied and told that I should do the pre-paid but my fiancé got a credit card with a $300 limit and I would like to know how I can get something like that with my income being limited

- Asked Sep 9 , 2017

 

 

If you are having trouble getting approved for a credit card, you may need to start with a secured credit card to build up your credit a bit. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. The Capital One Secured Mastercard and the Discover it Secured Card - No Annual Fee are both great options.

 
 

What would be a good credit card for someone with low income, no credit history and is over 65? Thank you

- Asked Aug 31 , 2017

 

If you have no credit history, you will likely need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. The Capital One® Secured Mastercard® and the Discover it® Secured Card - No Annual Fee are both great options.

 
 

I would like to know which credit card that I can be approved for with a credit score of 540 with things on my credit

- Asked Aug 26 , 2017

 

With a score in the 500s, your credit is considered poor and you will likely need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. The Capital One® Secured Mastercard® and the Discover it® Secured Card - No Annual Fee are both great options.

 
 

I have a credit rating of 560. What do you suggest to build my credit?

- Asked Aug 15 , 2017

 

With a score in the 500s, your credit is considered poor and you will likely need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. The Capital One® Secured Mastercard® and the Discover it® Secured Card - No Annual Fee are both great options.

 
 

Hello, My credit score is 587. i cant get a loan or credit anywhere. is there any credit cards that will give me credit without high interest rate. the only thing i have is capital one card and my interest rate is extremely high? Im trying to build my credit up so one day i can get a home and a car. i have been on my job for 15+ years. Thank you in advance. Tillie S

- Asked Aug 11 , 2017

 

Hi Tillie, your best best is probably a secured credit card. These cards require a certain amount of cash as collateral, but they will approve you and will provide you with a lower-interest card that you can use to rebuild your score. These cards also frequently report to the three major credit bureaus, so if you make your payments on time, you'll be rewarded. The Capital One® Secured Mastercard® and the Discover it® Secured Card - No Annual Fee are both great options.

 
 

I have 360 credit score, what kind of credit card do i need?

- Asked Aug 9 , 2017

 

With a score of 360, you will need to start rebuilding your credit with a secured card. Although the card requires a cash deposit as collateral, these cards will frequently report to the three major credit bureaus so that you can quickly rebuild your score. The Capital One® Secured Mastercard® and the Discover it® Secured Card - No Annual Fee are both great options.

 
 

Want to buy a house but need 100 more points Would by a car and pay cash does that help. Thank you for your time

- Asked Aug 4 , 2017

 

Unfortunately, buying a car with cash will not help you improve your credit score because the major credit bureaus will not see cash purchases. However, if you bought a car and paid it off over a period of time, that may help increase your credit score. The best way to improve your score is to consistently use a credit card and pay off your balance, or, in this case, take out a car loan and consistently make your payments.

 
 

What credit card do I obtain with a 580 credit score?

- Asked Jul 24 , 2017

 

With a score in the 500s, your credit is considered poor and you will likely need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. Two excellent options for a secured credit card would be the Capital One Secured Mastercard and the Discover it Secured Card.

 
 

I have a low credit score. What card do you suggest I apply for and I also want to get cash back or points for purchases. Suggestions please to raise my credit score.

- Asked Jul 17 , 2017

 

The best credit card for your situation will depend on how low your credit score is. If you're score is below 600, to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. One good option that also offers cash back rewards is the Discover it Secured Card. This card will help you build credit and it also comes with a generous cash back rewards program geared towards gas and dining. If your score is above 600, you may be able to quailfy for an unsecured card. The Capital One QuicksilverOne is a popular card for those with average credit ratings who want to build credit and earn cash back on every purchase.

 
 

Hi, my credit score is currently at 591, I'm an Uber driver so I need a card with gas-rewards, and obviously to build credit what would be my best option?

- Asked Jul 13 , 2017

 

With a score in the 500s, your credit is considered poor and you will likely need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. One option that sounds like it would be the perfect fit for you is the Discover it Secured Card. This card will not only help you build credit, but it also comes with a generous cash back rewards program geared towards gas and dining!

 
 

I have a poor credit score so what credit card will I be more likely to be approved for?

- Asked Jul 7 , 2017

 

If your credit score is poor a good place to start with rebuilding your credit is to open a secured credit card account. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. Two excellent options for a secured credit card would be the Capital One Secured Mastercard and the Discover it Secured Card.

 
 

I have a 596 credit score due to medical exspenses how can I raise it to an acceptable score?

- Asked Jun 16 , 2017

 

A good place to start with rebuilding your credit is to open a secured credit card account. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. Two excellent options for a secured credit card would be the Capital One Secured Mastercard and the Discover it Secured Card.

 
 

I want to rebuild my credit score. I have gone through credit counseling, yet no change. I have a 502 credit score.

- Asked May 15 , 2017

 

A good place to start with rebuilding your credit is to open a secured credit card account. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. Two excellent options for a secured credit card would be the Capital One Secured Mastercard and the Discover it Secured Card.

 
 

I have a low credit score of 519 I believe. Is there a card that will help me build credit?

- Asked May 14 , 2017

 

A good place to start with rebuilding your credit is to open a secured credit card account. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. Two excellent options for a secured credit card would be the Capital One Secured Mastercard and the Discover it Secured Card.

 
 

I have a very low credit score, but I'm trying to build credit. Any good recommendations for a credit building credit card?

- Asked Apr 2 , 2017

 

A good place to start with rebuilding your credit is to open a secured credit card account. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. Two excellent options for a secured credit card would be the Capital One Secured Mastercard and the Discover it Secured Card.

 
 

I have a 590 credit score due to filing for bankruptcy in 2009. How can I re-build my credit?

- Asked Mar 24 , 2017

 

A good place to start with rebuilding your credit is to open a secured credit card account. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. By putting a few charges on your secured cards and always paying your balance off in full and on time each month you should be able to build your credit back up over time. Two excellent options for a secured credit card would be the Capital One Secured Mastercard and the Discover it Secured Card.

 
 

I filed bankruptcy 8 months ago & I need to start rebuilding my credit. What is the best card available for this, that doesn't have a huge apr?

- Asked Mar 8 , 2017

 

If you recently filed bankruptcy, you will probably need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. One secured card that has a very competitive low fixed APR is the Applied Bank Secured Vise Gold Preferred Credit Card.

 
 

I have no credit cards so no credit card debt. I would like to rebuild my credit but I have a low credit score. Can you recommend a credit card that I could qualify for so that I can start rebuilding my credit?

- Asked Feb 25 , 2017

 

If you're trying to rebuild your credit, you will probably have to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down refundable security deposit to get approved. After a year or so of responsible use, you will have built up your credit enough to get approved for a standard, unsecured credit card. Two secured cards that we recommend are the Discover it Secured Card and the Capital One Secured MasterCard.

 
 

What kind of credit card should in get with already having poor credit and need I need to make it better?

- Asked Feb 23 , 2017

 

If you have poor credit, you will probably have to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down refundable security deposit to get approved. After a year or so of responsible use, you will have built up your credit enough to get approved for a standard, unsecured credit card. Two secured cards that we recommend are the Discover it Secured Card and the Capital One Secured MasterCard.

 
 

I have never been approved for a credit card because I am always told that I have no credit history...well that is because nobody will issue me a card for the first time so how can I build credit when nobody will help me build any because I have none?! What is the best card for me to get that is for beginners just building their credit for the first time? PLEASE HELP ME!!!!

- Asked Feb 22 , 2017

 

If you have no credit, you will probably have to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down refundable security deposit to get approved. After a year or so of responsible use, you will have built up your credit enough to get approved for a standard, unsecured credit card. Two secured cards that we recommend are the Discover it Secured Card and the Capital One Secured MasterCard.

 
 

I have really bad credit due to some life choices. I want to rebuild my credit but I don't know where to start. Right now my credit is a 529. Can you please tell me which way to go? Thanks.

- Asked Feb 8 , 2017

 

If you have bad credit and you're trying to rebuild, you'll probably need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. We recommend the Discover it Secured Card or the Capital One Secured MasterCard.

 
 

Are there any credit cards that accept people who have bad credit?

- Asked Dec 22 , 2016

 

If you have bad credit, you will probably need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. After a year or so of responsible use, you will have built your credit back up enough to get approved for a standard, unsecured credit card. The Capital One Secured MasterCard and the Discover it Secured Credit Card are both great options.

 
 

I have not long history of my credit, l think its poor credit. Can i apply any credit card?

- Asked Nov 4 , 2016

 

If you have a limited credit history or poor credit you will need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. After a year or so of responsible use, you should have built your credit up enough to get approved for a standard, unsecured credit card. The Capital One Secured MasterCard and the Discover it Secured Card are two of the best options to start with.

 
 

I presently have a low credit score of 508, due to not being able to pay a couple credit card bills, is there any unsecured credit card, that I can get?

- Asked Oct 26 , 2016

 

With a credit score in the low 500s, it is unlikely that you would be able to get approved for an unsecured credit card with favorable terms. While some unsecured credit cards like the Surge MasterCard Credit Card or the Indigo Platinum MasterCard may approve you, these cards typically come with high interest rates and fees. Your best option would likely be to use a secured credit card to build your credit into the 600s over time so you can get approved for an unsecured credit cards with more favorable terms.

 
 

Im trying to rebuild my credit and needing a credit card. I have a credit score of 430 due to past financial trouble as well as not having much credit history. I work full time. My paycheck is direct deposit on a Skylight prepaid card. I do not have a bank account. What should I do? Nobody will accept me it seems. Ive applied for many.

- Asked Oct 24 , 2016

 

Credit card companies typically require consumers to have a valid checking account in order to get approved for a standard credit card because this indicates a higher likelyhood that you will be able to make payments and not default on your card. If you're trying to rebuild your credit, you will need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved; you may be able to get approved even without a bank account. The Capital One Secured MasterCard or the OpenSky Secured Visa Credit Card may be good options for you.

 
 

My credit report states my credit 552 but I have no credit to show. I've never had anything in my name to build my credit is that what's stopping me from getting loans or credit cards? I'm trying to build but nobody will give me a chance. What should I do?

- Asked Oct 16 , 2016

 

If you have no credit or a low credit score, you will probably need to start with a secured credit card to build credit. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. After a year of so of responsible use, you will have built your credit up enough to get approve for a standard, unsecured credit card. Two secured cards that we recommend are the Capital One Secured MasterCard and the Discover it Secured Card.

 
 

I was denied a credit card through my bank due to "not enough accounts opened long enough to establish a credit history". Is there a card option available in this situation that will help me to build credit?

- Asked Oct 10 , 2016

 

If you have a limited credit history, you may need to start with a secured credit card. A secured card works just like a normal credit card but you have to put down a refundable security deposit to get approved. After a year or so of responsable use, you will have built up your credit enough to get approved for a normal credit card. The Capital One Secured MasterCard and the Discover it Secured Card are both great options to start with.

 
 

My credit score is 566, what credit card could I get with this score, if any. I was recently turned down for the Amazon.com Visa Signature. Please respond thanks.

- Asked Oct 7 , 2016

 

With a credit score in the mid 500s, your credit is considered poor and you will need to start with a secured credit card. A secured card works just like a normal credit card, but you have to put down a refundable security deposit to get approved. After a year or so of responsible use, you will have built your credit up enough to get approved for a standard, unsecured credit card. The two secured credit cards that we recommend first are the Capital One Secured MasterCard and the Discover it Secured Card.

 
 

My credit score is a 541 what would be the best credit card for me?

- Asked Sep 18 , 2016

 

With a score in the 500s, your credit is considered poor and you will have to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. After a year or so of responsible use you will should have built up your credit enough to get approved for a standard, unsecured credit card. We recommend the Capital One Secured MasterCard or the Discover it Secured Card. Both cards have no annual fee and a number of helpful perks and tools to help you build credit.

 
 

I'm trying to determine whether or not I should inquire about increasing my credit line, or applying for another card after getting approved for a minimal credit line 6 month's ago from Capital One. I received a Quicksilver MC with 1% cash back, with a score of 691 and no credit. Today my score is 634 which has dropped from 691 within the last 2 months after applying for a fingerhut account and given a $750 credit line. I've been trying to rebuild my credit and had no idea that my score would take such a huge hit. My payments have all been on time, most of which were in full. Currently I owe only $100 towards my fingerhut account, my Capital One Quicksilver credit has been paid in full. Would it be worth my while to request a credit line increase on my Capital One card after my score has fallen so much, if so how would I go about doing this. If you can offer me any advice as to what would be in my best interest, any information would be appreciated.

- Asked Aug 13 , 2016

 

It sounds like asking for a credit line increase on your Capital One credit card would be a good idea. Capital One is one of the few companies that allows you to request a credit line increase with no impact on your credit score, so there is no harm in trying. If you are approved for a higher line of credit, it should help bring up your score. You can easily request a credit line increase through your online account of by calling the number on the back of your credit card.

 
 

Just sent question for our daughter - now us - credit rating 609/a few liens :-( and trying to get our lives back - right now I use our debit card to pay our food/gas/entertainment - looking to get a card that I can earn cash back/travel points - would use it for the above mention and my utilities/insurance/etc- everything I could - then pay it off each month looking at citi bank-quick silver - any suggestions thank you - hopeful!!

- Asked Aug 10 , 2016

 

With a credit score of 609, your credit is in the poor/fair range and you will be fairly limited in terms of which credit cards you can get approved for. The Capital One QuicksilverOne would be a good option for you as it earns cash back rewards and you have a decent chance of getting approved with your credit score. 

 
 

Hi, I have a student loan that is default and I am now making payments on it. My credit score is around 600... I want to establish credit. What is a great way to get it started.

- Asked Jul 17 , 2016

 

With a credit score around 600, you will probably have to start with a secured credit card. Secured cards work just like normal credit cards, but they are specifically designed for people trying to build credit and you have to put down a refundable security deposit to get approved. The Capital One Secured MasterCard and the Discover it Secured Card are both excellent options that we recommend.

 
 

i have recently paid off my entire credit report and though i now have no current debt, due to past delinquencies i have only a fair credit rating.... what is the best UNSECURED card for me to get to begin rebuilding my credit?

- Asked Jul 9 , 2016

 

The Capital One Platinum card is a basic credit card that is available for people trying to rebuild their credit. Another good choice is the Credit One Visa which earns 1% cash back on gas and grocery purchases.

 
 

I have bad credit, what kind of credit card can i get besides pre paid?

- Asked Jun 9 , 2016

 

If you have poor credit, you'll need to start with a secured credit card. Secured cards work just like normal credit cards, but you'll have to put down a refundable security deposit to get approved. The <a href="http://www.comparecards.com/credit-card/capital-one-secured">Capital One Secured MasterCard</a> and the <a href="http://www.comparecards.com/credit-card/discover-it-secured">Discover it Secured Credit Card</a> are both great options. After a year or so of responsible use, you should be able to get approved for a standard, unsecured credit card.

 
 

im looking for a credit card with either low interest or 0 interest for some months or one that if i pay it within the 30 days that it will have no interest. I have student loans on my credit which im still in school so i havent started Paying on them. whats a goOd card for me and is there a card for me my credit is about 560.

- Asked Jun 4 , 2016

 

With a credit score in the 500s, you will not be able to get approved for a low interest credit card. Your focus should be on building credit, and once your score is up into the mid 600s, you may be able to get approved for a credit card with 0% intro APR. A secured card is a great tool for building credit.

 
 

I have a credit score of 568, I have NO credit, not BAD credit. I only have student loans on my credit report, and no bad accounts. I want to raise my credit. Which Card should I use and how do I get approved? I have applied to a couple cards and the say that they don't offer to wisconsin residents. Please help.

- Asked May 25 , 2016

 

A secured card is your best option to build a solid credit history. With responsibly use, meaning always paying your bill on time and not carrying a balance, a secured card provides the opportunity to improve your credit score so eventually you'll be able to qualify for a typical credit card. Carrying a balance when trying to build positive credit history can be extremely costly due to the high interest fees.  Secured cards require a security deposit and that deposit determines the line of credit you're able to use. I recommend the Capital One Secured MasterCard. This is one of the few secured cards offering no annual fee which is a huge added perk. Another option is the Citi Secured MasterCard. There is an annual fee of $25 but requires no to limited credit history and the variable APR of 22.24% is relatively low compared to other secured cards. 

 
 

I have a 666 experian and a 670 tu and a 647 equifax . I just got discharged in feb 2016 I have a car loan for 22k. What should I do to get a credit card to rebuild. should i wait a year or so? I tried discover secured and they said no because of BK I like the citi secured card but dont know if they will accept the bk . please advise me

- Asked May 23 , 2016

 

With a recent bankruptcy, you will only be able to get a secured card and that will be your best shot to begin to rebuild credit. The Discover It Secured card is the only secured card that offers rewards thus making it a little more difficult to be approved for. Try the Capital One Secured MasterCard, it offers no annual fee and regularly reports to the three major credit bureaus. With responsible use, meaning always paying your bill on time and not carrying a balance, this card will give you the ability to rebuild credit. If you are not approved, you may need to wait a year or so and apply again after you have establish a consistent payment history on your auto loan.

 
 

I filed chapter 11 Bankruptcy over a year ago. Am I elgible? I now have one card with Credit One, received last month to help re establish good credit..

- Asked May 19 , 2016

 

Receiving a Credit One Card is a great start to re establish good credit. The best practices for building credit in order to avoid the pitfalls of going into debt again is to always pay your bill on time, try your best not to carry a balance, and never exceed your credit limit. Adding a secured card would help rebuild credit faster. I recommend the Capital One Secured MasterCard because it offers no annual fee and free credit tracking. However after filing bankruptcy, rebuilding credit will be a long process even if you're doing everything right so be patient. 

 
 

If I have not the best credit but would like to get a credit card, what's the best card to apply for?

- Asked May 16 , 2016

 

The best credit card that you'll be able to get approved for will depend on your credit score. If you have poor credit, you will probably have to start with a secured credit card. We recommend the Capital One Secured MasterCard as it comes with no annual fee and a free credit tracking service. For average/fair credit, the Capital One Platinum Card and Capital One QuicksilverOne both great options.

 
 

I don't have a credit history but I'm in serious need of furniture and home repairs, please advice me on what's the lowest rate with the maximum amount of funds available. Thank you

- Asked May 14 , 2016

 

If you have no credit history, then you will not be able to get approved for a credit card with favorable terms for financing new purchases. The credit cards that are available to people with no credit will come with high interest rates and low lines of credit. Your best option for building credit would be to open a secured credit card account. Secured cards work just like normal credit cards, but they require a refundable security deposit to get approved. We recommend the Capital One Secured MasterCard as it comes with no annual fee and a free credit tracking service.

 
 

I have a 512 credit score and have filed bankruptcy in the past. I have messed up my credit pretty badly but want to fix it so that I can get my credit high enough to qualify for a house purchase. I was wondering if there was a credit card out there that I could qualify for that doesn't have to be secured? I am always denied so I can't seem to get credit to try to rebuild. Please help.

- Asked May 12 , 2016

 

With a credit score in the low 500s, a secured credit card is going to be your best option. While there are some shady credit cards like the Surge MasterCard that don't require a security deposit that will approve people in your credit range, they come with numerous fees that are very costly. You would be better offer saving a few hundred dollars to use as a security deposit on a secured credit card like the Capital One Secured MasterCard that has no annual fee. Whichever card you go with, the most important thing is that you pay your bill on time and in full every month. The interest rates on these cards are very high, so if you carry a balance, you will be digging yourself into a hole that is very difficult to get out of.

 
 

i have a 557-558 credit score. which card would allow me to open an account? im trying to rebuild my credit.

- Asked May 9 , 2016

 

With a score in the 500s, you will need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. After a year or so of responsible use, you will have build your credit up enough to get approved for a standard, unsecured credit card. We recommend the Capital One Secured MasterCard as it comes with no annual fee and a free credit tracking service.

 
 

I have a full time job now and its time i think i should apply for a credit card again , it has been many years and i was wondering how i can get a free credit score

- Asked May 9 , 2016

 

You can check your credit score for free by signing up for our Credit Concierge service. If you are rebuilding your credit, you will probably have to start with a secured credit card. The Capital One Secured Mastercard is a good option as it comes with no annual fee and a free credit tracking service.

 
 

What kind of credit card I can get to improve my credit score to bring it back up? Recovering from a divorce.

- Asked May 9 , 2016

 

Any credit card when used responsibly will help you rebuild your credit. To build your credit quickly, make sure to always pay your bill on time and try not to carry a balance from month to month. The credit cards what you're able to get approved for will depend on your credit rating. If your credit is poor, you'll need to start with a secured credit card like the Capital One Secured MasterCard. This card requires a refundable security deposit to get approved, but it comes with no annual fee and a free credit tracking service. 

 
 

Hello I have bad credit due to a lot of bad choices when I was a lot younger. I am currently working to improve my credit score and over the last 2 months have taken it from 390 to 460, I have started paying off some of the older things on my report and also opened 2 credit cards that I make payments on each month instead of paying the bal off. I need to get my credit score to a min of 575 perf 600 do you have any suggestions on what I could do? I was also told that if i get a loan from like a loan company for say 200 then pay it almost off and renew it for more and do that for a year it would make a huge difference but I have not been able to find info backing that from any other source so I am hesitant. Thanks for any help or advice.

- Asked May 5 , 2016

 

It sounds like you are on the right track to rebuilding your credit score. Unfortunately, this will take time and there is only so much you can do to speed up the process. It is good that you have opened two credit card accounts, but carrying a balance will not actually help you build credit faster; it is best to pay your balance off in full each month. Opening a personal loan for the purposes of building credit may speed up your credit building process, but it is not likely to have a "huge difference" and you need to consider what the loan will cost you in interest. Overall, the best thing you can do it to stick with what you've doing, continue to make regular payments on your credit cards, and avoid taking on new debt. 

 
 

I have a low credit score of 570 and I am considering changing this number of course. I started paying off some debt this year. I would love to know what credit card will approve me and where do I start?

- Asked Apr 22 , 2016

 

With a score of 570, your credit is considered poor and you will need to start with a secured credit card. A secured card will help you build credit with responsible use, but you have to put down a refundable security deposit to get approved. The Capital One Secured MasterCard is a good one to start with as it comes with no annual fee and a free credit tracking service.

 
 

I filed for bankruptcy 4 years ago and I would like to get a credit card just for emergencies. I can't even get a revolving credit card at a local store. What else do I need to do?

- Asked Apr 21 , 2016

 

If you are getting denied for store credit cards, your credit is probably very poor and you will probably need to start with a secured credit card. A secured card works just like a normal credit card, but you'll have to put down a refundable security deposit to get approved. The Capital One Secured MasterCard is a great option as it comes with no annual fee and a free credit tracking service. After a year or so of responsible use, you will hopefully be able to get approved for a standard, unsecured credit card which will be a better fit for emergencies.

 
 

I have no credit, i have payed cash for things for the last 20 years and it is hard to get a credit card now so i can establish a credit report. i need help finding a card or even getting a card because of this fact. All or any suggestions would help. I am a senior citizen and on a limited income of 897.00 monthly

- Asked Apr 20 , 2016

 

If you have no credit, you will have to start with a secured credit card. A secured card works just like a normal credit card, but you'll have to put down a refundable security deposit to get approved. The Capital One Secured MasterCard and the Discover it Secured Card are both great options as they both come with no annual fee and a free credit tracking service.

 
 

Do you offer any credit cards for people with less than good credit?

- Asked Apr 19 , 2016

 

Yes! We have multiple pages dedicated to people with less than good credit. You can check them out through the links below:

Credit cards for people with fair credit

Credit cards for people with poor credit

Credit cards for people with no/limited credit

 
 

I have very low credit. I was wondering what is the best credit card to get for low credit people.

- Asked Apr 19 , 2016

 

If your credit score is very low, you'll probably have to start with a secured credit card. Secured cards work just like normal credit cards, but you'll have to put down a refundable security deposit to get approved. The Capital One Secured Card is a great place to start as it comes with no annual fee and a free credit tracking service.

 
 

I have recently gone through a bankruptcy this has since been discharged and I have been rewarded a Capitol One card and an Auto Loan. I have been told to get one more credit card and those 3 things will start working hard toward bringing my credit score back up. What is my best option for another card?

- Asked Apr 19 , 2016

 

It's true that opening a second credit card account will help you build credit faster. Since you've recently come out of bankruptcy, you'll probably have to start with a secured credit card. The Discover it Secured Card would be a good option as it has no annual fee and comes with a free credit tracking service.

 
 

My score is below 600, so which card would likely approve me?

- Asked Apr 16 , 2016

 

With a score below 600, your credit is considered poor and you will need to start with a secured credit card. Secured cards work just like normal credit cards, but you will need to put down a refundable security deposit to get approved. We recommend the Capital One Secured MasterCard or the Discover it secured card because they come with no annual fee and a free credit tracking service.

 
 

I have poor credit but need a convenient way to handle my money and credit.

- Asked Apr 16 , 2016

 

If you have poor credit, you should focus on building your credit score by using a secured credit card. The Capital One Secured MasterCard is a great option as it comes with no annual fee and a free credit tracking service. The key to using the secured credit card to build credit is to make sure you always make your payments on time and only use the card for purchases you know you can pay back in full each month. This way you avoid paying interest charges, but will build credit over time. If you need a card for convenient use that you can link to your bank account, a prepaid debit card would be a great option, but this will not help you build credit.

 
 

What credit card could I apply for if my credit score is 550

- Asked Apr 13 , 2016

 

With a score in the 500s, your credit is considered poor and you'll need to start with a secured credit card. Secured cards work just like normal credit cards, but you have to put down a refundable security deposit to get approved. The Capital One Secured MasterCard or the Discover it Secured Card are both great options to start with as both cards come with no annual fee and a free credit tracking service.

 
 

I am looking to re-establish my credit. What are the best recommendations for a credit card and which company is best?

- Asked Apr 12 , 2016

 

If you are rebuilding your credit, you'll probably have to start with a secured credit card. The Capital One Secured MasterCard and the Discover it Secured card are both great options because they both come with no annual fee and a free credit tracking service.

 
 

Good day, My score is getting better because I am paying all my debts. How may I obtain this credit card to build better credit?

- Asked Apr 8 , 2016

 

Any credit card that you use responsibly will help you build credit over time. In order to know which credit cards would be good for you to apply for, you'll need to know an estimate of where your credit score stands. If you have poor credit, you'll need to start with a secured credit card like the Discover it Secured Card. For fair credit, the Capital One Platinum Card or the Capital One QuicksilverOne are both great options. Once your are in the good credit score range, you will begin to have many more options for which credit cards you can get approved for.

 
 

I have a credit score around 538, is there any credit card I can get to start building my credit back up? I also could use the help of a card, but I can make the payments. If so, what would you suggest I try to apply for?

- Asked Apr 1 , 2016

 

With a credit score in the 500s, your credit is considered poor and you'll need to start with a secured credit card. Secured cards work just like normal credit cards, but you'll have to put down a refundable security deposit to get approved. We recommend the Capital One Secured MasterCard or the Discover it Secured Card. Both options come with no annual fee and a free credit tracking service. In order to build credit, make sure to always pay your bill on time and try to keep your balance low.

 
 

I am interested in obtaining a credit card in my attempt to improve my credit. My credit score is 522.

- Asked Mar 28 , 2016

 

With your credit score, you need a secured credit card. These cards work must like standard credit cards, but they require the payment of a refundable security deposit before you can open an account. For example, the Capital One Secured card offers a credit line of $200 with a security deposit of just $49, and has no annual fee. After a year of making on-time payments, you will likely be able to qualify for a standard credit card and receive your security deposit back. 

 
 

I had to declare bankruptcy over six months ago due to medical expenses as I became disabled. I need to get a credit card immediately And I do not want a prepaid card. The only one I have found is a capital one card. Please help.

- Asked Mar 17 , 2016

 

With a bankruptcy in your recent history it will be nearly impossible to get approved for an unsecured credit card. Your best bet will be a secured credit card. A good place to start would be with either the Capital One Secured MasterCard or the Discover it Secured Credit Card

 
 

I need a credit card with not too good credit I am trying to build my credit back up.

- Asked Mar 11 , 2016

 

You should consider a secured credit card, which works much like a standard credit card, but it requires the payment of a refundable security deposit before an account can be opened. Both Capital One and Discover now offer secured credit cards with no annual fee, and you can quickly rebuild your credit when you make all of your payments on-time. 

 
 

What's the best if any credit card I may apply for after filing bankruptcy?

- Asked Mar 3 , 2016

 

You will need to a apply for a secured credit card, which works much like a standard credit card, but it requires the payment of a refundable security deposit before an account can be opened. For example, the Capital One Secured card offers all of the same benefits of their unsecured cards, and has no annual fee. This would be an excellent choice to help you rebuild your credit after bankruptcy.

 
 

Hello. I have a 465 credit score mainly due to school loans. They are now active in a forbearance but I have had 14 severely delinquent payments out of 80. I have two small collections of medical bills and one other for a credit card that I have set up monthly payments for. Do you have any advice for me?

- Asked Feb 20 , 2016

 

Your first priority should be to pay off any unpaid debt, beginning with timely payments as soon as possible. Once you are current on your payments and are progressing towards getting out of debt, then you can rebuild your credit score by opening up a secured credit card account. These work much like standard credit cards, but they require a refundable deposit before your account can be opened. If you make these payments on-time, and are current on your other payments, your credit score will improve significantly within a year.

 
 

I have a credit card that was charged off in 2012, The credit limit was $300 but the charged off amount was $491 . Will paying down the balance help my 592 credit score?

- Asked Feb 10 , 2016

 

Paying down your balances should always help your credit score. In addition, you should be rebuilding your credit by opening a new account. You can open a secured credit card which works much like a standard credit card, but it requires a refundable security deposit. With a year of on-time payments, your credit score should improve significantly. 

 
 

i have 600 credit score after filing bankruptcy in 2012, i need to know should i apply for a credit card and which one will not deny me.

- Asked Feb 2 , 2016

 

With your credit score, you should be approved for a secured card. <a href="http://www.comparecards.com/bad-credit-secured">Secured credit cards</a> work much like other credit cards, but you must submit a refundable security deposit before you can open an account. After that, you must make monthly payments and you can incur interest charges if you choose to carry a balance. Your payment history will be reported to the major consumer credit bureaus and your credit will improve significantly in the first year. 

 
 

I have a 658 credit score and filed bankruptcy last year. i need to raise my credit score to someday eventually buy a home. How do i raise my score?

- Asked Feb 2 , 2016

 

To improve your credit score, you need to create a record of on-time payments. With your credit score, you are unlikely to qualify for a standard credit card, however you can open a secured card. <a href="http://www.comparecards.com/bad-credit-secured">Secured credit card</a> work much like other credit cards, but you must submit a refundable security deposit before you can open an account. After that, you must make monthly payments and you can incur interest charges if you choose to carry a balance. Your payment history will be reported to the major consumer credit bureaus and your credit will improve significantly in the first year. 

 
 

I had a bankruptcy in 2011 (I think ). Will any of the cards work with me?

- Asked Jan 25 , 2016

 

First, you need to look at your credit report and credit score. After five years, the effects of the bankruptcy will start to diminish and you will be able to rebuild your credit more easily. Your best bet is to start with a secured card, which works much like a standard credit card, but it requires the payment of a refundable security deposit before your account can be opened. After a year of on-time payments, you should qualify for standard credit card and receive your deposit back.

 
 

I just completed bankruptcy, how long should I wait to apply for a new credit card? What kind should I get?

- Asked Jan 22 , 2016

 

Once your bankruptcy is complete, you can get a secured credit card to immediately begin the long process of rebuilding your credit. A secured credit card works much like a standard credit card, except that you must submit a refundable security deposit before opening an account. But once opened, you will still have to pay a regular monthly payment and you will incur interest charges if you choose to carry a balance. But your payments will be reported to the major consumer credit bureaus, and your credit score will improve as you make on time payments. 

 
 

My credit score is 652 due to late payments and a ton of medical bills, one in paticular that I plan to pay. I need some help with improving my score. Thanks

- Asked Jan 18 , 2016

 

Your first priority should be to pay off any unpaid balances, and to strive to make every payment on-time. And while it can be tempting to close all of your credit card accounts, this will only hurt your score. Instead, try to maintain a few credit card accounts open and in good standing, even if you don't use them much. Finally, make sure to go through your credit report to look for any errors that you can correct. 652 is not a terrible credit score, and it should rise quickly once you start making all of your payments on-time.

 
 

I'm trying to get a unsecured credit card. But keep getting denied because I have no credit score. I filed bankruptcy in 1999 but have discharged it and have had nothing else on credit. I don't have a bank account either. I don't want a prepay card I have several of those. So can you please recommend something. Thank you .

- Asked Jan 18 , 2016

 

You can start off with a secured credit card and use it for a year, and you should then be able to qualify for an unsecured card if you have an excellent record of on-time payments. The Capital One Secured MasterCard has no annual fee, and it only requires a refundable security deposit of at least $49.

 
 

Hi i wanted to ask a few questions. I am in the process of rebuilding . my score is going up little by little. 500 and 550... I want to get a card to help rebuild, some wont give me the time of day...where do i go from here.

- Asked Jan 16 , 2016

 

You should apply for a secured credit card. These cards are available to people with very low credit scores and work much like standard credit cards, except that you must pay a refundable security deposit before your account can be opened. After that, you must make monthly payments, and you can incur interest charges when you pay over time. But with a perfect payment record, you should see rapid improvement of your credit score in the first year.

 
 

What is the best credit card for someone with a credit score in the 500 range one with no annual fees, and no hidden charges?

- Asked Nov 23 , 2015

 

That credit score is not high enough for you to qualify for a standard credit card, so you will need to apply for a secured card. Secured cards work just like standard credit cards, but they require the payment of a refundable security deposit before you can open an account. Capital One offers an excellent secured card that has no annual fee and no hidden fees.

 
 

I have just been discharged from bankruptcy in October. When should I began credit again?

- Asked Nov 15 , 2015

 

You can begin to rebuild your credit immediately by applying for a secured credit card. These products work just like standard credit cards, except they require the payment of a refundable security deposit before an account could be opened. After that, you can use this card just like any other. You will receive a monthly statement and must pay a minimum balance. Thankfully, these cards will report your payment history to the three major consumer credit bureaus. After a year of on-time payments, you should be able to qualify for a standard, unsecured credit card.

 
 

Is Visa Credit ONE Bank a legitimate credit card and who is the parent company?

- Asked Nov 11 , 2015

 

Credit One is a legitimate card issuer. The bank is held by Credit One Financial, a bank holding company registered in Nevada which is a wholly owned subsidiary of Sherman Financial Group, LLC.

 
 

I need help finding a credit card for not so good credit my credit score is about 540, as a credit card it's a lot better then having cash on you all the time.

- Asked Oct 24 , 2015

 

You need a secured credit card. This type of card is easy to get, even with your credit score. You will have to submit a refundable deposit first, which then becomes your credit limit. Otherwise, these cards offer all of the security and convenience of standard credit cards. At the same time, you will also have to make a monthly payment, and you will incur interest charges if you choose to carry a balance. 

 
 

How do i get approved for a credit card that will build my credit when I am in between jobs and no checking account?

- Asked Sep 24 , 2015

 

First, you don't need a job to get a credit card, you only need to show access to some means to pay it off. This could be investment income, alimony, child support, social security, or other government benefits. You can also apply based on the income of a spouse that you have access to. But you should have a checking account with which to pay your monthly bills. No matter what your credit score, you can apply for a secured credit card, which is almost exactly like a standard credit card, it just requires a refundable deposit before your account is opened. Nearly anyone can qualify for a secured card, so long as you can document your identity and have no pending bankruptcies. With a secured card, you still receive a monthly statement and must make a minimum payment each month, which is reported to the major consumer credit bureaus. After a year of on-time payments, you should be able to qualify for a standard credit card.

 
 

I have checked my scores and every time I do it comes back saying that I do not have enough reportable data on my records. I know I have had late payments in the past, but it was many years ago. I am looking to repair my credit but I have applied to many cards only to get turned down. What would be good to rebuild my credit? I get income from social security of $1016.00 a month and have a mortgage payment of 426.00 a month. What would you recommend?

- Asked Sep 22 , 2015

 

I would start with a secured credit card, which is almost exactly like a standard credit card, it just requires a refundable deposit before your account is opened. Nearly anyone can qualify for a secured card, so long as you can document your identity and have no pending bankruptcies. With a secured card, you still receive a monthly statement and must make a minimum payment each month, which is reported to the major consumer credit bureaus. After a year of on-time payments, you should be able to qualify for a standard credit card.

 
 

My credit is slowly moving up to now at 500-530 after a difficult bankruptcy caused by a major criminal case involving partner and employee embezzlement that including max out of all my credit which before this was stellar for years. I am now back working to build things back up, I travel so need a credit card and want to work hard to rebuild. I am older at 62 so this is a very important set of decisions. thanks

- Asked Sep 14 , 2015

 

With your credit score, the only credit cards that you will qualify for are secured cards. These cards are similar to standard credit cards, but you must pay a refundable e deposit that then becomes your credit limit. Otherwise, secured card holders will receive monthly statements and must make a minimum payment each month, just like a standard credit card. After a year of on-time payments, many secured credit card users find that their score has improved substantially and that they are able to qualify for some non-secured cards.

 
 

I have a 561 credit rating, with negative student loans only. What do you suggest to build my credit so that I may purchase a home with low intrest rates?

- Asked Sep 3 , 2015

 

With a 561 credit score, you should apply for a secured card, which are are just like standard credit cards, but you must submit a refundable security deposit, which becomes your credit limit. Next, you need to make sure that you pay each month's statement on-time, no matter what. After a year of on-time payments, you should be able to qualify for a standard, non-secured card. Since the only negative entries on your credit report are for student loans, then you probably have a very limited credit history. By opening up addition accounts and paying all of your bills on time, you will be able to build your credit history and improve your credit score, but it will take time. 

 
 

I have one derogatory mark on my credit report and i'm trying to find the best way to do a "Pay to Remove" agreement with the creditor.

- Asked Sep 2 , 2015

 

I would be very wary of any company that offers you to remove a bad mark on your credit for a fee. This is not allowed by any credit reporting company, and it is doubtful that you will be successful. Your best option is to write the creditor a forbearance letter, which is simply a polite request to remove the bad remark. The letter should be addressed to the CEO, and should offer some mitigating circumstances for your behavior, but not excuses.

 
 

I have a credit score of 615 and can't get approved for any credit cards. I just want one to help build my score and where i can check my score each month do you have any suggestions?

- Asked Sep 1 , 2015

 

You should try applying for a secured card, which virtually guarrantees acceptance to applicants who are not in bankruptcy proceedings. Capital One offers a good secured card that has no annual fee, and customers can use its Credit Tracker app to view their credit score and monitor their progress. After a year of on-time payments, you should be able to qualify for a standard, non-secured card. 

 
 

I have student loans, an auto loan, and two store cards. Balances carrying over from anything other than my loans is not an issue. I'd like to apply for my first credit card. My credit score is 617. Could you give me some suggestions?

- Asked Aug 31 , 2015

 

Despite the loans you already have, your credit score is still fairly low, so opening up a new credit card account will help, so long as you make all your payments on-time. You could try applying for the Discover It card which sometimes approves applicants with a limited credit history. And even if you are not approved, you may be offered the secured card version of the Discover it card. Otherwise, you should try applying for a secured card, which virtually guarrantees acceptance to applicants who are not in bankruptcy proceedings. After a year of on-time payments, you should be able to qualify for a standard, non-secured card.

 
 

I have a 590 credit score due to filing for bankruptcy in 2009. How can I re-build my credit?

- Asked Aug 30 , 2015

 

With a 590 credit score, you should apply for a secured card. These are just like standard credit cards, but you must submit a refundable security deposit, which becomes your credit limit. Next, you need to make sure that you pay each month's statement on-time, no matter what. After a year of on-time payments, you should be able to qualify for a standard, non-secured card. Another factor in your favor is that your bankruptcy was six years ago. After seven years, it will no longer appear on your credit report and be a factor in your credit score.

 
 

My husband and I are completing our bankruptcy now and we are trying to rebuild our credit. We are looking to open up a joint credit card that we both can use instead of me getting a card and he getting a card. Can you recommend a card for a joint account? Thanks!

- Asked Aug 25 , 2015

 

Since you are emerging from bankruptcy, your only choices will be secured card. Then, you have to select from the card issuers that still offer joint accounts, since not all do. Currently, Bank of America, Wells Fargo, and U.S. Bank offer joint accounts. On the other hand, you might wish to reconsider opening a joint account, as you can simply add your husband as an authorized cardholder on your account, or he can add you on his. Since you are both completing bankruptcy, you will both have similar credit scores, and can both apply for a secured card account.

 
 

Hi I am trying rebuild a good credit card history and would be open to any suggestions on how to go about doing this. I just opened a new business and realize that somewhere along the line I will need to get a credit card for the store. Hi I am trying to rebuild a bad credit card history and looking for any suggestions , I appreciate any and all the help you may be able to help w

- Asked Aug 9 , 2015

 

The first thing that you should do is to order your credit history and see what it is. You can then correct any mistakes and start to work on rebuilding your score. No matter what your credit history is, you can apply for a secured card, which is available to nearly all applicants. Then, you should do everything possible to make on-time payments, so that you can graduate to a standard, non-secured card. Other ways to improve your credit score include becoming an authorized cardholder on someone else's card, and opening up a store charge card.

 
 

I have a Capital One Venture card, and because of divorce, etc I have defaulted. I want to make payments and better my credit standing once again. Can I transfer the balance and start paying again to repair?

- Asked Aug 7 , 2015

 

Once you have defaulted on your credit card, your credit score will suffer dramatically, which will prevent you from being approved for any new cards. I recommend contacting Capital One as soon as possible to work out a payment plan. You need to start making on-time payments as soon as possible in order to stop your credit score from falling even more, and begin to improve it.

 
 

If I have 4 secured credit card each one $400 dollar credit limit. If I use 7% and pay every month on time how long its going to take my dream score 800 my score now 554.

- Asked Aug 6 , 2015

 

While your credit score should rise quickly with on-time payments to four different accounts, it won't reach 800 any time soon. In fact, you could pay all of your bills on-time and never get to 800, but that isn't a worthwhile goal. Any credit score above 740 is considered excellent, and there is no point in trying to reach an arbitrary number above that. 

In your situation, your score of 554 is very poor, and your goal should be to raise it to the high 600s, which is considered good. At that point, you should be able to qualify for a mortgage, car loan, or standard credit card, albeit at a rate that is not as low as someone with excellent credit. Since it can take as long as seven years for some negative items in your credit report to drop off, you may have that long until you will have excellent credit, but you could reach good credit in just a few years.

 
 

I haven't had a credit card since 2002. They tell me that I don't have enough history to get a credit score. Since I want to rebuild my credit, should I apply for credit cards again?

- Asked Aug 6 , 2015

 

To rebuild your credit again, you will need to establish a payment history with a company that reports your credit to the consumer credit bureaus. Therefore, a credit card is a great tool for rebuilding your credit, when used responsibly. Since you haven't been using credit cards, your score is likely not too bad, as you have a limited credit history rather than bad credit. I would apply for a basic credit card from the institution that you have a checking or savings account with, and you should be approved. Otherwise, you could consider a store charge card, which are often approved for those with little credit history. Then, just make sure to use it responsibly, and pay every bill on-time. Better yet, try to avoid interest charges by paying your entire balance in full each month. Within a year, your credit score should increase substantially. 

 
 

I have a high 500 credit score, but I do have charge offs (which I might add have been paid off). These are over eight or more years ago. How can I re-build my credit?

- Asked Jun 26 , 2015

 

A 500 is a very low credit score, but that shouldn't stop you from taking steps to rebuild your credit. The first step is to get a secured credit card, which requires you to submit a refundable deposit before you can open an account. After that, it works much like a normal credit card in that you have to pay a monthly statement and you can incur interest charges when you carry a balance. Nevertheless, a secured card will help you to rapidly improve your credit, so long as you make all of your payments on-time. 

 

Another way to help your credit score is to try to have your rent payments reported to the credit bureaus. Speak with your landlord or property management company to see of they can subscribe to a service that remits your payments and reports them to the credit bureaus. 

 
 

I would like to know why I can't qualify for a credit card. I think more companies should invest in low income people who have managed to bring their credit up to the average mark, by allowing qualification to a $500.00 credit limit per month. I don't have much else I can do with my money, but spend it, and I can improve my credit by spending it this way. Small amounts add up, and if I have managed to raise my credit score above the 25% mark, then I shouldn't have to deal with higher percentage rates, either simple for the fact of the amount of my income.

- Asked Jun 20 , 2015

 

There are some credit cards that are suitable for people with lower incomes, and retail credit cards are also available for people with average credit profiles. In addition, nearly anyone can qualify for a secured card, which requires the payment of a refundable deposit before an account can be opened. 

 

In addition, you don't even need a job to be approved for a standard credit card, as you can qualify based on government benefits, alimony, child support, or even the income of a spouse or domestic partner that you have access to. In fact, the credit card industry has been strongly criticized for offering too much credit to those with little ability to pay it back. So if you start with a secured credit card, and use it responsibly, you should be able to qualify for a standard, non-secured card in the future.

 
 

My credit score was 550 and I recently filed for bankruptcy and got my clearance. I want to rebuild my credit, should I now apply for a secured credit card for people who have bad credit or should I wait?

- Asked Jun 20 , 2015

 

Yes, you should apply for a secured card. The sooner you begin, the sooner your credit score will begin to rise, as time is a major factor for people in your situation. I would apply for a secured card from a major card issuer, especially one that you may already have a checking or savings account with. After a year of use, and a perfect record of on-time payments, you may then be able to be approved for a standard, non-secured credit card. 

 

It will be a long road to rebuild your credit, but the sooner you start, the sooner you will reach your goals.

 
 

I have been trying to straighten out my credit for about six months now, but it is so confusing! Is there somewhere i can obtain assistance for a fee/service obviously to help me get on the right track of improving my credit score or FICO score. I am making all the wrong moves and I would like to follow some correct guidelines to significantly improve. Thank you very much for any answers/resolutions to my question.

- Asked Jun 11 , 2015

 

Understanding your credit history and credit score can be very confusing, and you are not alone. While there is plenty of information on the Internet, it can be hard to find what you are looking for and make sense of it all. Thankfully, there are credit councelors available that can work with your individual needs and help you to make sense of it all. The key is finding a legitimate service with reasonable fees. The National Foundation for Credit Counseling can refer you to a certified consumer credit councelor in your state that will be able to help you. Furthermore, the Federal Trade Commision offers this guide to choosing a consumer credit councelor.

 
 

What are the best secured credit cards?

- Asked Jun 8 , 2015

 

The best secured cards will have low fees and strong benefits. I like the Wells Fargo Secured Card, which has just a $25 annual fee and offers $600 worth of cell phone protection, among other benefits. I also like the Capital One Secured MasterCard, which now has no annual fee. US Bank also offers several secured cards, many of which offer rewards.

 
 

I have bad credit and need help to figure a way to help me get caught up and build my credit. Are there any cards that I could use that would be smart for me to do this with?

- Asked May 31 , 2015

 

It all depends on how bad your credit is. If you are able to be approved for a card that accepts people with fair credit, and has a 0% APR balance transfer offer, that will be the best way for you to pay down your existing debts, which will help your credit. For example, the Discover It card comes with a variety of interest free financing offers, and some people are approved for this card, even if they have had credit problems. 

 

Otherwise, you will likely have to get a secured card in order to help build your credit, even though it will do little to help you pay down your existing debt. Whether or not you choose to get a secured card, it is important to focus on paying all of your bills on time, and paying off as much debt as possible. These will always be the most important factors to rebuilding your credit.

 
 

I am trying to build my credit up, but I am now in Chapter 13 bankruptcy, which started in 2013. Which credit card is right for me? I'd like one without interest fees. I have no cards whatsoever right now.

- Asked May 26 , 2015

 

Once your bankruptcy is fully discharged, you will be able to qualify for a secured credit card, which requires a refundable security deposit. After making on-time payments for at least a year, only then might you be able to receive a standard credit card. And even then, it would be unlikely that you would qualify for the most competitive offers, which can include 0% APR promotional financing. 

 

So instead, I would recommend avoiding interest charges by paying each month's statement balance in full and on-time, which is a trick that will work with any credit card, and a great habit to start.

 
 

I have a credit card with a company that I still owe money on. However, due to unemployment for over a year, I was unable to pay. Now I can make tiny (and I do mean tiny payments), but steady payments to pay down the debt. If I tried to get a secured credit card with the same company, what are the chances of me getting approved?

- Asked Apr 17 , 2015

 

Honestly, if you have been unable to make any payments for some time, your credit score will be very poor. While you could still receive a secured card with a very poor credit history, the bigger question is, why would you want to? Use the money that you would have spent to fund a security deposit to instead pay down your debt. Focus on making regular, on-time payments to that account until it is paid off, and you have a comfortable "rainy day fund." Only then should you even consider applying for more credit cards, including possibly a secured credit card.

 
 

I have a 589 credit score due to a bankruptcy in 2008. What is the best to do to improve my score?

- Asked Mar 9 , 2015

 

You should start by opening up a secured credit card account. These accounts require you to make a security deposit, but otherwise act like standard credit cards. You will have to make a monthly payment, and you will incur interest charges unless you pay the entire statement balance in full each month.

 

The benefit is that your on-time payments will be reported to the three major consumer credit bureaus. So if you make on-time payments, your credit score will improve rapidly. After one year, you may be able to qualify for a standard, unsecured credit card, as well as store charge cards. Also in your favor is the fact that your bankruptcy occured seven years ago, and will drop off your credit in just three years. If you proceed slowly, making your payments on-time and incurring very little debt, there is no reason why you cannot have excellent credit by that time.

 
 

I'm working on establishing credit for my 18 year old daughter. She has a Kay's Jewelry card that she got in November 2014. Just this month her credit score showed up at 619, 598, & nothing from the other bureau. None of her payments have been late. Should she apply for a credit card now or wait until her score goes up a little?

- Asked Feb 26 , 2015

 

Starting with a store credit card was a good idea, since they have very low thresholds for qualfication. Don't be too worried that her credit score didn't immediately rise after a few months, as these things take time. Continue to make small purchases on the card and focus on making sure all payments are on-time. As for getting a new credit card, that is not a bad idea, but just make sure it is a very basic card that she can qualify for that is targeted at those with average or fair credit. For example, try having her apply for a student credit card. And of course, be extremely careful to avoid debt and to make all payments on-time.

 

Finally, it can be a good idea to add her as an authroized user to one of your credit card accounts, assuming that you have good credit. The credit scoring formulas essentially allow some of your good credit to "rub off" on her credit report.