WHICH WOULD BE BETTER TO BUILD CREDIT FASTER.....

[teamgray]

okay this is the first time i have posted on this board, so bear with me....

Which would be better to build my score, two (2) secured cards of 5k or one secured card for 10k?

My Fico score at the moment is 643, but i have some things i need to pay off on my credit report

as of January 1st, the three major things i will have still, will be two tax liens and a BK from 06

Goal is to be at 720 by JUNE 2014.....or somewhere close to that.

[myjourney]

Welcome to the forum

I would say 2 @ 5K so that you have 2 TL"s reporting and the 5K will look good too

About the tax lien is it fed or state?

[Anonymous]

Welcome to the forum! IMO, 2 cc would be better than one. Your BK has aged significantly, so the point drop isn't bad now. If you have not rebuilt since you filed, then you will find more lenders wanted to see rev history for at least 6 mos. If the tax liens are federal, you should look into the Fresh Start Program

[Anonymous]

Definitely 2 CC are better than 1. In this matter is better to have 2 CC reporting on your credit instead of 1. 

[teamgray]

One Fed Tax Lien @ one State tax lien....trying to get the to take My OIC, but i heard if you set up making payments with them , they will remove your tax lien, but you have to be on automatic payments for a few months....any advice on the State tax lien? In in CA

[teamgray]

What kind of program is that? will it help me remove the tax lien from my report?

[myjourney]

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@teamgray wrote:

@Anonymous Fed Tax Lien @ one State tax lien....trying to get the to take My OIC, but i heard if you set up making payments with them , they will remove your tax lien, but you have to be on automatic payments for a few months....any advice on the State tax lien? In in CA

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Post in rebuilding forum about CA tax lien and correct about the FED lien 

The program is called FRESH START PROGRAM and it works 

[Anonymous]

Nothing you can do about a state lien in Ca.

The Rebuilding Forum has some very detailed information regarding removing Fed Liens with IRS' Fresh Start Program.

[Creditaddict]

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@teamgray wrote:

okay this is the first time i have posted on this board, so bear with me....

Which would be better to build my score, two (2) secured cards of 5k or one secured card for 10k?

My Fico score at the moment is 643, but i have some things i need to pay off on my credit report

as of January 1st, the three major things i will have still, will be two tax liens and a BK from 06

Goal is to be at 720 by JUNE 2014.....or somewhere close to that.

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so you have no credit at all right now?

[myjourney]

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@Anonymous wrote:
Nothing you can do about a state lien in Ca.

The Rebuilding Forum has some very detailed information regarding removing Fed Liens with IRS' Fresh Start Program.

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