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How can you fix your credit score if it is so bad that you can't even get a credit card for people with bad credit?
Wiki User
∙ 16y ago
As you know already, that when past credit rating is haunting you, it is best to create good credit to offset the bad.
The best and easiest way to establish or re-establish your credit is through a secured credit card program. Many banks offer a secured MasterCard or Visa credit card to applicants regardless to past credit history. Applicants can qualify even if they never had credit before. You can obtain the card directly from the bank or through one of their agents for a transaction fee of about $35.00 -- which is well worth it. This is how the secured credit card program works. Applicants will open a savings account and deposit $250 to $500 with the bank that is issuing the credit card. The amount that is deposited will be slightly less or equal to the line of credit you will receive on the credit card and you can increase your limit as you wish, usually not exceeding $2,500. The funds you deposit are receiving interest and are usually frozen up to Twelve (12) months with some banks. If you make regular timely payments for 6 to 12 months, your money will be released with interest and you can have your credit card without the security requirement, or to phrase it better, unsecured with a personal line of credit.
Wiki User
∙ 16y ago
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What does your credit score have to be to get a credit card?
This completely depends on the bank you are going to and their guidelines. Currently, most banks are turning people down with credit score below 660. If your score is not high enough, one of my favorite ways to boost a person's credit card score is to teach them about the magic of authorized users. Authorized usersare people who have permission to use other people's credit cards. For instance, your husband might have a Citi card. His name, and his credit score, was used to apply for the account, but you have permission to use the account.Becoming an authorized user is a powerful way to boost your credit score because you get to borrow the account holder's good credit history. If you are an authorized user on a credit card in good standing, your credit score will reflect the credit card's positive payment history by increasing. Beware, though: If you are an authorized user on a credit card in poor standing, your credit score will reflect the credit card's negative payment history by dropping.
What is the credit score requirement for a Barclays credit card?
You must have both a good credit score (600 or more) and little or no debts, you may qualify for a Barclays credit card. There are different categories that allow you to qualify for a Barclays credit card, which can be helpful for people with high credit scores but low debts or people with average credit scores with low debt. Remember that you might be denied a credit card even if you have a high credit score, due to high debts.
What is Vanquis and can they help with credit scores?
vanquis is basicly a credit card company that will give you a credit card regardless of your credit score. you will be able to get a credit card and will allow you to get a better credit score
Does your credit score go down if you do not use your credit card?
Generally, no, your credit score will not be reduced if a credit card that you own is not being used. You don't, however, want to cancel the card - cancelling a credit card (whether voluntary or forced by the issuer) does reduce your credit score.
What are some credit card options for people with bad credit score?
In the United Kingdom, some of the credit card options for people with bad credit scores are: the Cashplus Creditbuilder, the Aqua Classic card, the Capital One Progress card and the Aqua Advance card.
What does your credit score have to be to get a credit card?
This completely depends on the bank you are going to and their guidelines. Currently, most banks are turning people down with credit score below 660. If your score is not high enough, one of my favorite ways to boost a person's credit card score is to teach them about the magic of authorized users. Authorized usersare people who have permission to use other people's credit cards. For instance, your husband might have a Citi card. His name, and his credit score, was used to apply for the account, but you have permission to use the account.Becoming an authorized user is a powerful way to boost your credit score because you get to borrow the account holder's good credit history. If you are an authorized user on a credit card in good standing, your credit score will reflect the credit card's positive payment history by increasing. Beware, though: If you are an authorized user on a credit card in poor standing, your credit score will reflect the credit card's negative payment history by dropping.
What is exactly?
The "Aqua Credit Card" is a credit card that helps repair bad credit. It is often used for people who obtain a poor credit score.
What is the credit score requirement for a Barclays credit card?
You must have both a good credit score (600 or more) and little or no debts, you may qualify for a Barclays credit card. There are different categories that allow you to qualify for a Barclays credit card, which can be helpful for people with high credit scores but low debts or people with average credit scores with low debt. Remember that you might be denied a credit card even if you have a high credit score, due to high debts.
What is Vanquis and can they help with credit scores?
vanquis is basicly a credit card company that will give you a credit card regardless of your credit score. you will be able to get a credit card and will allow you to get a better credit score
Does your credit score go down if you do not use your credit card?
Generally, no, your credit score will not be reduced if a credit card that you own is not being used. You don't, however, want to cancel the card - cancelling a credit card (whether voluntary or forced by the issuer) does reduce your credit score.
What are some credit card options for people with bad credit score?
In the United Kingdom, some of the credit card options for people with bad credit scores are: the Cashplus Creditbuilder, the Aqua Classic card, the Capital One Progress card and the Aqua Advance card.
How do you get your credit score without a credit card?
There's no need to have a credit card to get your credit score. You can use various web based services in order to get your credit score for free -- no credit card required. See the source links for links to sites that can help provide more information on checking your credit score.
You dont have a credit card can you still get your credit score?
If you have never bought anything on credit, you do not have a credit score.
What is the best score you can get in credit debt?
When people are in credit debt, they often wonder what their score is. The best score you can get in credit debt depends on many different things. You should ask your credit card company for this type of information.
What are the requirements of applying for a credit card?
There are many requirements to applying for a credit card. The biggest requirement is having a good credit score. Without a good credit score, one cannot get a credit card.
If you don't have a credit card do you have a credit score?
Yes.
Can you get a credit card with a 644 credit score?
Yes.
