How do we begin to rebuild our excellent credit in light of the current economic turmoil? Is it even possible to reestablish excellent credit? I've conducted extensive investigation in my search for the ideal opportunity to start over. What? are our alternatives:
Merchandise Card - a way to obtain a credit line for products I may desire to purchase, but only for the merchandise card's available products. Some merchants report credit information to one or two bureaus, while the majority do not.
Secured Credit Card - By depositing funds in a pledged savings account, I can obtain a general-use credit card, but my deposit cannot be accessed during the card's term. If I make my payments on time, my credit will be reestablished. One, two, or three main credit bureaus receive bank data.
Unsecured Credit Card - By paying fees of approximately $300 to obtain a credit card, I can have a credit card for general purposes, but I can only use the credit limit they grant. Some banks/retailers do not report to the main credit bureaus, while others do.
I believe I have chosen the best option for me and my family after weighing the alternatives. I discovered a foolproof, no-hassle means to obtain a real, general-purpose credit card that reports to all three credit bureaus and set me on the path to financial freedom, even with a bankruptcy...even with poor credit! Doesn't this sound too wonderful to be true? Indeed, it is so! This Visa card is widely accessible and requires only a few minutes to activate. This FIDC-insured bank will accept deposits as low as $200. Then, use the credit card to make purchases up to the limit established by your deposit, and pay as usual. It's that easy. Obviously, you can deposit and gain access to more funds. A one-time application fee of $79 is required.
You may now be thinking, ""Why would I want to deposit money and still use my own additional funds to pay for things with my credit card?"" The answer is that if you pay for items yourself, only you are aware of it. However, if you make a deposit (to guarantee your ability to make payments) and use the credit card to pay for your purchases with your own funds, then the record of those charges and payments is reported to the credit bureaus as if it were a regular credit card, and you receive the benefits of higher scores. The credit bureaus consider your ability to make monthly payments on time as one of the most essential factors in determining your credit score.
This credit card is actually innovative! What you need to know is that Public Savings Bank offers this service with no interest levied for the first six months, followed by a rate of 7.99% thereafter, which is significantly lower than competing cards. Simply use the credit card to pay for your everyday expenses, and you will simultaneously establish a credit history. Here's the skinny...
You are not required to submit a deposit until you are ready to use the card.
o No Annual Fee o They Report to All Three Credit Bureaus o No Minimum Credit Score, No Income/Employment Verifications
All Applications Accepted!
o Free Visa Rewards, including Auto Collision Damage and Card Replacement in an Emergency
o Automatic Auto Rental Insurance
o Travel and Emergencies Help
o $0 Fraud Liability
Since this bank is FDIC-insured, you can rest assured that your funds are secure. Simply request the recovery of your deposit when you are finished using this credit card.
Do like I did and get begun. Remember, there are no requirements...only a $79 application fee is required, and no interest is levied for the first six months. Make an initial deposit between $200 and $1500, and use your Visa card immediately for any purpose! Pay your obligations and begin spending money on the necessary holiday gifts. Remember...you must rebuild your credit from scratch so that bankruptcy does not permanently destroy it. Don't wait, do it now!""
" - https://www.affordablecebu.com/
