A few years ago, I had a terrible credit score. Since I had screwed up with credit lines that I had previously, I had a much harder time getting credit. Since I had REALLY blown it with two previous credit cards, my accounts had been closed and I couldn’t get new ones. When you [...]

Not too long ago, I found myself in a bad situation. I had a terrible credit score. It was a tough time for me – I honestly had no idea how I was going to dig out of that mess. I didn’t want to be one of those people who could never own a [...]

A very common question that I get asked frequently is whether it’s possible to get credit cards with bad credit. This of course depends on a variety of factors, including how bad your credit score actually is. Getting an unsecured card probably won’t be possible unless you have a score that’s in a certain [...]

Now that is a tough question! Talking about credit cards is never black and white, because people use them with varying degrees of responsiblity. That said, this lesson should give you a decent idea of how much secured credit cards can help your credit score. Since there are different types of people who would [...]

Use – the main reason that people use these credit cards is to build their credit. Secured credit cards and unsecured credit cards are most definitely preferred over this option, of course, there are individuals who can’t qualify for those options. Most people can get approved for a secured card, unless they have had [...]

Today we had a question come in from a reader that asked, “does a secured credit card immediately boost your credit rating?”
The question is actually a little more complicated than it seems. Yes – secured credit cards will help your credit score, if the card company reports to the credit bureaus. However, No – [...]

So you have bad credit. This is a difficult position to be in and is MUCH worse if you don’t already have lines of credit. If you have credit card accounts that are already open, you can simply make your payments on time and your credit will get back on track. If you don’t, [...]