secured card to build good credit?

[Anonymous]

Does anyone know of a secured card that does not pull credit and reports to all 3 bureas?

[Creditaddict]

you can't get a credit card without one credit pull.

[haulingthescoreup]

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dah wrote:
Does anyone know of a secured card that does not pull credit and reports to all 3 bureas?

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If you want credit, you have to accept that this will be reported, via a credit pull (hard inquiry). That's the whole purpose of inqs.

[Anonymous]

OK...just wondering......thank you. Im in the process of buying a home. My lender asked me to get at least two secured cards. The two pulls....would they hurt before the cards help?

[haulingthescoreup]

If you don't have any current open revolving (= credit cards) credit at all, you will probably not be penalized for seeking new credit. The FICO scoring formula *wants* you to have some revolving in there.

Have you had revolving credit, i.e., credit cards in the past? If so, which banks? Did you ever "burn" them/ --charge-off, bankruptcy, settled for less than agreed.

I would get with a local credit union that offers CC's right away. They are the most reasonable about working with new creditors. If you absolutely must go with a secured card from a bank instead, look at Bank of America and Orchard.

If you're willing, you can post a summary of your current credit here, and you will get lots of advice (wanted or no, lol.) Post the info from screen 2 of the FICO EQ and TU reports, along with the Credit-at-a-Glance screen.