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Post by Kim Possible on Jan 4, 2009 22:13:53 GMT -5
Has anyone ever had to resort to one? After over three years of trying to repair my credit alone (carrying marital debt that he had no interest in attempting to repair while we were married), I am still unsuccessful in raising my score. I still have the old debt that I am chipping away at. I have read all the reasons why you should do it (if your credit is in need of repair), and understand the process. Yet, I still feel it is too good to be true. My intention is to use it only to pay it off, to extablish a history of being able to pay it off.
I just need to know if anyone has gotten screwed by it, b/c I am so skeptical about anything that seems too easy of a way to repair my credit (like this). I CANNOT get a regular creit card, I have tried, and cannot keep trying, because that will lower my score even more.
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Post by freckles on Jan 5, 2009 11:08:01 GMT -5
Has anyone ever had to resort to one? After over three years of trying to repair my credit alone (carrying marital debt that he had no interest in attempting to repair while we were married), I am still unsuccessful in raising my score. I still have the old debt that I am chipping away at. I have read all the reasons why you should do it (if your credit is in need of repair), and understand the process. Yet, I still feel it is too good to be true. My intention is to use it only to pay it off, to extablish a history of being able to pay it off. I just need to know if anyone has gotten screwed by it, b/c I am so skeptical about anything that seems too easy of a way to repair my credit (like this). I CANNOT get a regular creit card, I have tried, and cannot keep trying, because that will lower my score even more. If you have a Checking Account at a Bank You can get a Debit Card - Visa It is Kind of a Credit Card It is NOT a LOAN It sucks the money instantly out of your Checking Account That is a first step P.S. When you use it , they ask you Debet or Credit Debet you have to use your Pass Code then it Sucks it out Credit it is supost to take Longer P.S.2 ALLWAYS Push Credit when you use a Gas Pump Then it takes $1.00 out and sometime in a few hours it takes the full amout of Gas out of your Bank Account If You Push DEBIT then I have heard about it taking $75.00 to $200.00 out of Your Bank Account THEN in a day or two putting it back in your account Less the Gas you bought So on Gas Pumps Push CREDIT ! Just my 2 cents
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Post by Bobfromacctg on Jan 5, 2009 12:53:31 GMT -5
Yep, I have had to use them in the past. The one I got had a 1 for 1 limit based on the amount of money I sent them ahead of time. It was a pain but it was necessary. My situation was medical bills - $500,000 filed and t here is no way to keep up with the portion that is left after insurance so your credit goes in the tank. Thats the way it was. It took me years to get it improved - many false starts and mistakes but now it is in the low 700. 3 years ago it was in the high 500's so much has changed.
What I did was get the card, charge gas, wait until th emonth changed and then pay it off. Keep that up month after month and it will help. If you get a $500 limit - never charge more than $100 on it.
It worked for me along with paying everything on time, even if I had to have my utilities shut off to do it. Now I am getting offers in the mail and out of the need for the secured cards.
Good luck..it is not easy but it does pay off eventually.
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Post by Kim Possible on Jan 30, 2009 17:06:43 GMT -5
Well, after waiting a couple weeks, seeing my check get cashed (the deposit for the CC), I get an envelope that does not have a card in it . I was declined... for a 'secured' credit card?? This is pathetic. I am really at a loss for words. They sent me my deposit back.
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Post by freckles on Jan 30, 2009 17:22:08 GMT -5
Do you have a bank account ?
You can get a Visa Debit card that is hooked to your Bank Account
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Post by Kim Possible on Feb 1, 2009 21:52:22 GMT -5
I am looking to rebuild my credit. To do that I need a CREDIT card. I have had a debit card for years, as well as a bank account.
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