Is it better to raise your credit score by getting a secure credit card or loan or just applying?
Answers:
It sounds like you just don't have credit which isn't necessarily a bad thing.Since you are in this situation credit card are going to have a majorly high interest if I were you then I would get a secure card from your bank.This is a credit card (not tyed to your checking account)how it works is say you have 500.00 limit them you must have 500 in the bank account say that you use 200.00 in that month you have to pay all 200.00 no interest but if you don't pay that 200.00 than you will pay interest and you will only have 300.00 worth of credit even after you pay that 200.00.You have in essence just borrowed 200.00 from the bank.
You could also just get a300.00 loan from your local finance company.Most of those places do require certain job and residence time call them to check
Happy credit
The best way to start is to get a credit card through whoever you bank with wether it be Bank of America, Washington Mutual or whoever. Also i have a friend who had no credit at all and applied for a card at Mervy's(department store) and got it. Then went to Gottschalks and got denied... go figure.
yea no help here i'am in same situation.??
There is ONE BIG CAVEAT. if you do get a loan of some kind or a credit card, secured or otherwise, can you keep making the payment, and make payment in full when due?
If your score is already bad, it shows that you failed to properly manage your finances at one point in the past. Would you allowing yourself to dig yourself further into problem is you do this? Obviously, only you can answer this question.
Do you have any remaining debt? If so, pay that off as soon as you can. It will improve your score more than anything else and brighten your future. Otherwise, yes, secured card is a great idea. (provided you can manage it this time)
Good luck.
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