Secured Credit Cards

[Anonymous]

Hi!!! This is only my 2nd post but I have sooo many questions.  I have a very low score I believe its only around 519, did anyone have a score like this and get approved for a secured credit card?  Looking for anyone who had sucess with getting one with this low of a score. Thank you!!!!

[Anonymous]

I opened an unsecured - HSBC, now capital one, with a score in the high 400s about a year ago. High interest rate (tht dropped to 21% after 6mos of good standing) and low limit (300), but it was unsecured. Good luck!

[Anonymous]

Thank you...i actually have a collections i am trying to settle with hsbc so i dont think i will get approvef

[Anonymous]

We had two (helzberg and roomstore) that were reporting as collections. Never know til you try. Check first premier, too..not sure who they're through, but they're worth a shot. Credit one bank is a starter card, too.

[JohnPTEX]

OpenSky CC (Capital Bank) is a good one for those looking to rebuild - I've had mine for two years and never once had an issue

[sjt]

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@Anonymous wrote:

Hi!!! This is only my 2nd post but I have sooo many questions.  I have a very low score I believe its only around 519, did anyone have a score like this and get approved for a secured credit card?  Looking for anyone who had sucess with getting one with this low of a score. Thank you!!

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I would check out State Department Federal Credit Union. They have a great secured card program and they dont do a credit check. They will not convert to a unsecured but they report as unsecured, have a great APR, and no annual fees, cash advance fees, or forex fees.

[rootpooty]

Have you looked at capital one secured? They are pretty good for rebuilding

[Anonymous]

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@Anonymous wrote:
Thank you...i actually have a collections i am trying to settle with hsbc so i dont think i will get approvef

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You should settle these before opening a secured card.   The deposit is a savings account and if you are sued and lose, it can be taken in a judgement.

[Anonymous]

Thanks everyone for the responses!!! I actually applied for the capital one secured card and was able to get approved!!! I am happy to start rebuilding and repairing my credit. 

[BrokaToe]

Congrats on the approval!