Build or Rebuild your credit scores with credit cards.
Has your credit score slipped into the poor or bad credit category — below 650. We can help you by getting credit cards that’s designed to help you rebuild your credit score without a credit check to. With these cards, you deposit an amount of money in a bank account and this “secures” the card. It is much like a debit card slash credit card you will pay and interest rate like a unsecured credit card and add money to the card like a debit card. The positive on a secured card is that the interest rate that you pay is less than you would have to pay if you had a unsecured credit card. On most regular credit cards you would get stuck with a 24 percent APR or much higher.
It’s best to spend some time focusing on fixing your credit. Once your score climbs, your options — and APRs — will only get better. The cards report to all three major credit bureaus.
So here’s the plan: If you use one of these cards, pay off your balance in full every month. And pay it on time. No exceptions! Better yet you need to pay off the card before it reports to the credit bureau so it always shows a zero balance on your card. So how do you know when the credit card reports to the credit bureau??? Well just call the credit card company and ask. Its that simple. This will keep your credit scores as high as they can get because your debt to income will always be at zero on the card.
Your debt to income is 35 percent of your credit scores. So the less debt you have the better your scores will be.
Secured credit cards help make the company or bank trust you in the future and let you take advantages of using there services and building your credit scores. Bank secured credit cards require a certain sum of money deposited, so you can use this money when carrying expenses with your offer. Over all a bank secured credit card offer lets you establish credit history and build your credit for all types of loans.
Use your credit cards wisely.
Having a good credit rating is important. If
your FICO score is low, you need to work on improving your credit score. One
way to rebuild credit is by using credit cards wisely.
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