1) I'll admit I'm No Fan of FP type products...If you get it use it and dump
If you don't, no big deal IMO
2) My suggestion would be ....
Obviously there needs to be some clean up on your profile.
However if you have $250 to play around 'security' that type of product
I'd much prefer you grab a credit builder share secured loan, allow a few of the small payments to build payment history as
You save say $50 buck per month, then use both the payment history and the funds you just save to secure a CC
You see the credit juice gained by making the secured loan help create a positive enough credit profile to get the secured CC approved ( or perhaps an unsecured one) but even if your step 2 is secured as well, no biggie, its progress.
The secured loan (or credit builder, for some) is easier to obtain, than the CC accounts sometimes but so what stroke say 6 payments, allowing the HPs to age but more importantly 6 months of positive payment history will bolster the credit profile that's getting No's today
While, allowing one to save money every month treating each savings put aside as a 'credit building' serious exercise....Within months you've got several hundred dollars to secure a CC account or 2 and you've built the discipline required to win at the credit and emergency fund set aside game, so keep the savings going until you at least have a basic freaking $500 towards life's mini emergencies
Good Luck
