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UNSECURED CREDIT CARDS FOR BAD CREDIT

Valued Contributor

UNSECURED CREDIT CARDS FOR BAD CREDIT

Plz list all the credit cards you got when you had a bad credit and what fico score?
 
thanks
 


Message Edited by ashabbir1 on 07-18-2007 07:05 PM
Message 1 of 22
21 REPLIES
Frequent Contributor

Re: UNSECURED CREIT CARD FOR BAD CREDIT

I am looking at a secured pair of cards from new millenium bank
they don't pull a credit report and they report to all three agencies
I have repaid most of my debt and need to bring my scores up a bit more
but I don't want the credit pull at the moment so this option of a secured
reporting card apeals to me for the short term.
but I am gonna investigate a little more on the subject.
Message 2 of 22
Moderator Emeritus

Re: UNSECURED CREDIT CARDS FOR BAD CREDIT



ashabbir1 wrote:
Plz list all the credit cards you got when you had a bad credit and what fico score?
 
thanks
 


Message Edited by ashabbir1 on 07-18-2007 07:05 PM

Approval for unsecured cards with bad credit and scores is not likely. Do you have an established relationship with a bank or credit union in your area?
Message 3 of 22
Valued Contributor

Re: UNSECURED CREDIT CARDS FOR BAD CREDIT

my fico scores are around 550 and I have like 6 or 7 open collections.
 
I am thinking about applying for tribute and imagine kind cards thats why i need everyones opinion.
 
thanks
Message 4 of 22
Valued Contributor

Re: UNSECURED CREIT CARD FOR BAD CREDIT

Thanks for your message. I will apply for new millenium card too. They dont do hard inquiry. That is so great. If anyone knows more secure cards who dont do hard inquiries plz let me know.
Thanks
 
Message 5 of 22
Valued Member

Re: UNSECURED CREDIT CARDS FOR BAD CREDIT

The first card I was able to get with scores in the 500s was an HSBC Mastercard.  They kept sending me preaprovals in the mail & I kept tearing them up because they were either secured or had anual fees.  After a few, they sent one with no anual fee and I bit.  They approved me for a 3000. credit line right off the bat and increased it to 3800.  after one month.  When my husband got a preaproval I sent his out right away and he also got a cl of 3000.  His scores were worse than mine were and he has a history of slow pay and two tax liens.   The downside to the HSBC card is the interest rate they offer you is 19-29%.  After I raised my scores I called them and asked them to lower the rate & they did it right away.
 
edited to add:  It was an HSBC Direct Merchant's Bank mastercard


Message Edited by bl00dymary on 07-18-2007 07:42 PM
Message 6 of 22
Valued Contributor

Re: UNSECURED CREDIT CARDS FOR BAD CREDIT

Hi
 
I dont have any credit union account yet. Should I open one?
 
Thanks
 
Message 7 of 22
Valued Contributor

Re: UNSECURED CREDIT CARDS FOR BAD CREDIT

Thanks for your message. How many credit cards should i get to establish a strong credit history?
 
Message 8 of 22
Valued Contributor

Re: UNSECURED CREIT CARD FOR BAD CREDIT

if I get 2 secured cards from new millenium will it be 2 different account on my credit report?
thanks
Message 9 of 22
Moderator Emeritus

Re: UNSECURED CREDIT CARDS FOR BAD CREDIT



ashabbir1 wrote:
Hi
 
I dont have any credit union account yet. Should I open one?
 
Thanks
 


My idea was for you to apply with a bank or credit union you have an established relationship with. If you want better cards, you will have to clean up your CRs (credit reports).
Message 10 of 22