Credit Cards

[ashabbir1]

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

[Tmleverage]

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.

[fused]

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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

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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?

[ashabbir1]

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

[ashabbir1]

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

[bl00dymary]

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

[ashabbir1]

Hi

I dont have any credit union account yet. Should I open one?

Thanks

[ashabbir1]

Thanks for your message. How many credit cards should i get to establish a strong credit history?

[ashabbir1]

if I get 2 secured cards from new millenium will it be 2 different account on my credit report?

thanks

[fused]

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ashabbir1 wrote:

Hi

I dont have any credit union account yet. Should I open one?

Thanks

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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).