garystod1 asked:

securedcreditcards911.com /

secured credit cards

Tom Tessin asked:




Instant results are what the customer wants in today’s market place. People no longer want to wait for a long process in order to get credit. The normal time period is only twenty four hours not days. The consumer no longer has time to wait in line at a bank but instead prefers to go online and apply for a credit card. The online service is safe and secure but most of all gives the consumer a quick answer.

The application for a secured credit card is normally a short and only requires you to have a job, with a good income. When the credit lending institutions approves your loan all you need to do is make a deposit into a savings account that they control.

The lending institutions all know that if you have made a deposit that it is most likely that you will make your payments each month. When you have a problem you only need contact them for a late pay. The lending bank will take your payment from the money that you left on deposit.

This should not happen if you can help it because your credit rating will suffer. The lending banks often make a report to the credit bureaus who give you a rating. When you want to apply for credit the way you pay on your secured credit card is recorded and it can determine your credit status. Many people use this type of card to build up a good credit rating.

secured credit cards

John Rasor asked:




Ever notice how many good things can be ruined by a greedy few? Piggybacking to raise your credit score is one of them.

Before unethical credit repair companies started brokering the rental of authorized user slots on credit cards, piggybacking was a good way to help your children, siblings, or even friends establish a good credit rating.

All you had to do was add them as an authorized user, and your good credit rating would, at least in part, transfer to them. That is, assuming you always carried a low balance and paid the bill on time.

Even though the other person wasn’t using the card, its entire history would be included in their credit report, lending them financial credibility through a positive account.

How better to send your children off into the world of finance than to lend them your own good credit rating?

But, like so many other good things, someone saw a way to profit from it, and ruined it for everyone else.

Bad credit repair companies were making a mint from this practice – charging each user a fee in the range of $600. But it didn’t take long for the credit bureaus to see that the majority of these “authorized users” weren’t family members and to recognize it as a fraudulent practice. So… they decided to stop counting authorized user accounts in their reporting.

You can still help…

The good news is, if you have a few extra dollars to spare, you can still help someone you love establish credit. Simply deposit a set amount of money into a savings account in your child’s name – and let him or her use it as collateral to obtain a secured credit card.

By carefully using less than 30% of that amount each month, and paying it back in full each month, your child (or other loved one) will establish credit in his or her own name. Before long, their on-time payment history will be established, and they can get their own unsecured credit cards. Then your money will be returned to you, with interest.

Do be sure that your child gets a secured credit card, as opposed to a pre-paid credit card. The issuers of pre-paid cards don’t report to the major credit bureaus, so paying on time for the next twenty years wouldn’t establish a good credit history. That is the whole point of the secured card, to establish good legitimate credit scores.



secured credit cards

wefixcredit asked:

5 Credit Repair Secrets To Better Your Credit Report: 1. Negotiate Outstanding Balances (contact creditors and negotiate a deletion letter or lowest possible paid in full.) NOTES: Avoid Settlements, Always Ask For A Demand Letter Before Making Payment 2. Investigate Items On Your Credit Report (verify all negative items reported to bureaus by your creditors.) NOTES: Save 45 Days! Send Verifications With Your Request: Driver’s License, Utility Bill, and Social Security Card 3. Personal Information & Inquiries (go to annualcreditreport. com and request free detailed reports from all three bureaus) NOTES: Send Verifications and Request Removal of Unwanted Personal Information & Inquiries. 4. Revolving Credit Adjustment (pay down all credit cards to 35% of their credit limit.) NOTES: example; $1000 Limit, Balance = $350 or Less. 5. 3 Accounts 24 Months History or More (critical for those looking to build a 700+ score) NOTES: Secured Credit Cards $500 minimum recommended and or Joint Accounts, Add Yourself. Call for your free decal or to have your credit looked over by a professional call: (818) 674-8255. more info: myspace.com/WeFixCredit

secured credit cards

susienelson asked:

Tired of drowning in debt? Are you ready to take control of your financial life?

secured credit cards

ehowfinance asked:

A secured credit card helps to build credit by allowing the card holder to provide cash collateral to the bank while making payments on time. After a set period of time, a secured credit card will turn into an unsecured credit card. Find out how credit reporting agencies see secured credit cards as an effort towards building better credit withinformation from a financial adviser in this free video on credit cards. Expert: Matthew McKillen Contact: www.innovativefg.com Bio: Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients. Filmmaker: Christopher Rokosz

secured credit cards

Tom Tessin asked:




There are millions of Americans that are in debt and a lot of them are doing nothing about it. Instead, they sit back and whine to others on why they can’t rebuild credit or make any progress on their debt? Why is this? It’s simple; these are the unmotivated, lazy people of America. They aren’t taking any steps to make progress on their bills and instead of doing something, they would rather complain until your ear falls. Guess what America!? No one cares if you’re in debt, join the crowd.

Now, if that isn’t enough to bring you into reality, I don’t know what is. I’m going to show you a few tips on how you can rebuild your credit and what you should look out when you do decide to rebuild it. I’m going to talk to you a little bit about secured credit cards. If you don’t know what a secured card is, it’s a credit card designed for people with bad credit who are looking to rebuild or reestablish their credit. Just like a credit card, the only difference is that this card will require that you have a deposit on your account so that if you don’t pay your bills, the credit card company will have money to take from you without have to worry about trying to get it out of you.

Here are a few things you should look out for when you do decide that you want to apply for a secured credit card -

The annual fee – The annual fee is one the biggest fees on a secured credit card. While it’s rare to find a card with no annual fee, it’s possible but make sure that when you do apply that you’re aware of the annual fee. This is the fee you’re going to have to pay regardless of what you do with your card. As long as the card is active, you’ll have to pay it.

Deposit – As mentioned above, you’re going to have to give the credit card company a deposit in order to open the card. Since your credit will be fairly bad, this is the reason they will ask for it. Make sure that you’re aware of how much you’re going to have to deposit in order to open the card. This will range anywhere from a few dollars to as much as a few hundred dollars.

Do they report? – One of the reasons you’ll be getting a secured credit card is because you’ll want to rebuild your credit. You’re going to want to make sure that these cards report to all of the three credit bureaus. When you apply, make sure that you check out to see if they do. This will always be in the terms. If the card doesn’t, you’ll want to look elsewhere.

When it comes to rebuilding your credit, this is one option in doing so. Make sure that you follow these tips above and do your research. If you can accomplish this, you’ll be able to rebuild and reestablish your credit in no time!



secured credit cards

Stephanie Andrews asked:




If you have a low credit score, you’re probably anxious to bring it up, and fast. The trouble is, it can be hard to get approved for a credit card when you have less than perfect credit. And filling out too many applications can make your score drop even more.

But there is good news. Secured credit cards provide a chance for you to rebuild credit and get back in the game. Here’s how.

Apply for a Card

The first step toward rebuilding credit is to apply for a secured credit card. This type of card is easy to apply for, and almost all applications will be approved. This can be a relief if you’ve had a hard time getting credit.

To find the right secured credit card, you’ll want to start your search online. You’ll find a wide selection to choose from. Since the fees vary from card to card, you’ll want to look carefully through your options. You can also read reviews about them on a number of sites.

Understand how it works

A secured credit card is very similar to a regular, unsecured credit card. You can use it to make purchases at stores or online. You can also use it at restaurants, gas stations, and any other place that regularly accepts credit cards.

The biggest difference, however, with a secured credit card is that you set your own limit. You do so by depositing money into your account. The amount you deposit becomes your new limit. If you use up the money you have deposited, you will not be able to make more purchases until you upload more into your account. This protects you from going over the limit.

Most secured credit cards come with a number of fees, including a charge for signing up and an annual fee. There may be some maintenance fees to pay as well. The price may seem high, but it is important to remember that these cards are open for all types of credit. They are set up to mitigate risk factors.

Pay on Time

If you’ve run into problems making on-time payments in the past, now is your chance to turn that around. With a secured credit card, you should focus on paying on time, every time. This gives others a chance to see that your payment habits are changing.

Many secured cards report to major credit bureaus. This is important because it gives others the opportunity to see how you manage your credit. By making small purchases and paying on time, you are demonstrating that you can handle your finances well.

Move up the Credit Ladder

A secured credit card can be your first step toward better credit because as you manage it well, your score will rise. Over time, you will be able to apply for a different type of credit card. Doing so may give you the chance to get a higher limit, fewer fees, and a better interest rate. And you’ll be able to put your new and improved spending habits into practice. All of this can make your financial future much brighter.

secured credit cards

kimmaytube asked:

Sorry if this video feels rushed at the end. Until you make Youtube partner, your videos have a 10 minute limit. I tried to fit a LOT into one video to prevent having to split it into two. 0:01 – Life with bad credit – how it affected my business practice and living situation 4:35 – Keeping a positive mindset in spite of my credit situation -Moving on with my life, focusing on my goals 5:46 – Finally, I treat myself and enjoy my successes a little. Finally the moment a lot of you have been waiting for. How exactly did I rebuild my credit? Please note: I will NOT be answering any questions related to credit rebuilding. Everything I have to offer you is right here. I’ve given you enough leads to learn more on your own. It is time to take responsibility to educate yourself! Step 1: Check ALL three of your credit reports -( checking your own scores does NOT work against you like “hard inquiries”, which result from applying for new credit) You can check them ALL here for FREE (once a year) www.annualcreditreport.com AnnualCreditReport.com is a centralized service for consumers to request free annual credit reports. It was created by the three nationwide consumer credit reporting companies – Equifax, Experian and TransUnion. AnnualCreditReport.com provides consumers with the secure means to request and obtain a free credit report once every 12 months from each of the three nationwide consumer credit reporting companies in accordance with the Fair and Accurate Credit …

secured credit cards

Tom Tessin asked:




If you’re in the market to fix your credit, you’re looking in the right place. When it comes to fixing your credit, many people believe that there’s no way to do it when it comes to credit cards. What most people realize is that if they truly learn their lesson from their credit spending that there are opportunities out there that can help you.

One of these opportunities that I’m talking about are secured credit cards. These are cards that you can use in order to improve your credit score. They simply work by you putting money on the card. Whatever you put on the card will determine your credit limit. If you put $500 on the card, this will be your limit. The reason the banks ask for this collateral is because if you don’t pay off your bill, they can simply dip into your account and pay themselves. If you show that you can pay month after month, you will find that you’ll be eligible for a regular card in the near future. This will take time but after one to two years, you will see a nice increase in your credit score.

How do I find the best cards?

Finding the best cards on the market isn’t that hard. It takes some time and effort to do the right research. You’re going to want to know what bank you’re going to want to go with since many banks offer these type of cards. Don’t just apply for the bank you’re working with but instead look at others because the fees could greatly vary.

You’ll also want to make sure that you make note of the fees. Every secured card you come across, you’re going to find that there will always be an annual fee and there won’t be any way around it. On top of the annual fee, there’s also going to be other fees that may include transaction fees, late fees, etc and once again, these will all vary. If you don’t pay your card off in full, you may want to look at the APR as well since this will be the rate applied to your unpaid balance.

There are many cards on the market and when it comes to research, make sure you check websites that offer an unbiased opinion. There are plenty of them out there. When you go to the bank’s website directly, they are going to do everything to get you to apply for the card. This is why you should go to a site that lists all of them. Here, you’ll be able to get a great review, information on the fees and you’ll get to see what other people think of it. When it comes time to apply, make sure you check out at least three to five cards. Research the fees and see what will be best for your future interests. As long as you’re good with your credit now and don’t overspend, you’ll see a nice increase in your credit score in the near future.



secured credit cards