Repair Credit Score

Archive for February, 2007

Question: what is the best credit card to get to repair my credit?

My credit is looking really bad, and im ignorant when it comes to credit, and credit card lingo. i was wondering if there was a card to get that is better than others, with my bad credit. and if there any other good ways to help to repair my credit?

Answer: Companies like Capital One, Orchard Bank, Citibank can help to repair your credit. One of the many benefits of using one of these preferred lenders is that they report positively to the major Credit Scoring repositories. But interest rates from these companies can be up to 25-30% annually. http://www.yourcreditoptions.com/Bad-Credit-Card-Offers-870385-page.php
Most of the major banks and lending institutions can offer secured credit deposit before backing a credit card for you. A secured credit card may be the only option for some people with a poor credit history. Since the card is backed by a savings account, there is less risk for the issuer and it is easier to qualify for the card. A secured card has a maximum credit limit set equal to or as a percentage of the amount in the savings account. Before applying for a secured card, be sure to look at the minimum amount you must maintain in your account to be eligible for the card.

http://www.yourcreditoptions.com/Secured-Credit-Cards-870387-page.php

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