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What are the most effective secured credit cards for use in repairing ones credit score?

May 21, 2011 5:00 pm Published by

Question by agape abba: What are the most effective secured credit cards for use in repairing ones credit score?
I understand, by making one minimal purchase of below 10% toward its limit on such a card, paid to zero before billing each month is ideal. Also, I suppose the higher the limit the better. Any experienced advice?

Thank you,
rdc

Fast Credit Repair
Best answer:

Answer by Judy
The number is 30%.
Never go over 30% of your available credit.
Higher limits, better.
Pay for things you need like food and gas, and pay in full each month when the statement comes in.
You will never pay a penny interest and achieve 800+ scores from using credit cards alone. I am proof.
Get 2 credit cards.
Find one that gives you cash back on gas or purchases.

Secured cards to dont affect your scores until you use them well for 6 months.
Do you have a checking account?
Ask them to send you a visa card attached to the checking – easiest to get.
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Ways of fixing my credit after a foreclosure?

May 19, 2011 5:00 pm Published by

Question by gr8mom: Ways of fixing my credit after a foreclosure?
We just ended up getting foreclosed on. It’s a horried situation but one that could not be avoided and still be able to eat. My question is what are the best proven ways to fix your credit after a foreclosure? Cause to be honest now that the house is gone we are doing much much better. Please only commit if you can help. Thanks for your time.
Thanks so much! That helps out a lot and makes me feel better knowing that we are not the only one’s in this situation! Thanks again

Fast Credit Repair
Best answer:

Answer by livnforJC23
We are also going through a foreclosure because we were relocated to a different state and the house hasn’t sold after being on the market for 18 monhs. We ahve consulted an attorney because we are not behind on anything but the house. They have told us to make perfect payments on all other credit lines for 24 months after the foreclosure and we will be able to buy again at that time. They also told us to make sure that all of our credit lines are either paid off or at least paid below 50% of the credit line before we buy. This increases your credit score. Also we have been informed to continue to charge on our credit cards for gas and groceries, but to pay off the balance every month. We had perfet credit before the foreclosure started and our score has dropped over 200 points in the last 5 months, but I am told with the economy and what is going on in the housing market that we will be able to own again soon. Good luck and keep your chin up. No one could have forseen what would happen with the market and I rest soundly at night knowing I did everything I could to prevent foreclosure, but I can’t fix the economy. We bought our home for $ 297,900 in June ’06 and it is currently appraising at $ 180,000 in mint condition. You just can’t fix that problem. We have had over 5 offers and the bank has refused them all, we offered to hand over the keys and the bank refused that as well. I reccomend you talk to a mortgage broker who can pull your individual credit and tell you what you will need to pay specific attention to before you can buy again. They will do it for free and it will allow you to focus on exactly what you need to instead of guessing. Good Luck and God Bless!

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How to fix credit? 20 points?

May 19, 2011 5:00 am Published by

Question by nicosci2006: How to fix credit? 20 points?

Fast Credit Repair
Best answer:

Answer by O.S.
only have a few credit cards, keep it low. make all payments on time and all fully paid. don’t go crazy with spending, try to buy only essentials and try not to use only your cards for paying for goods

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