Unsecure Credit Cards

@Mikyoo12 (187)
United States
March 2, 2009 8:48pm CST
Hello mYLOTTERS, I recently checked my credit report and was very dissapointed in my credit score. According to the credit companies, i have very poor credit. I wanted to from anyone and everyone if they could help me out and let me in on some ways to rebuild my credit score. Might as well tell you guys my score. its a 542, and im currently 22 years old. I was also thinking about getting a unsecured credit card strickly for rebuilding my credit. if anyone has any opinions on what route i should take please let me know. Thank you.
1 person likes this
4 responses
@clorissa123 (4930)
• United States
3 Mar 09
I don't exactly know how to rebuild your credit score, but watchout those rip - off deal from the credit card companies that they will offer you. Because all they try to do just rip you off instead of helping you. Seek a professional who is not willing to stab you. You can always find those useful sources and advise from government website or local radio sites.
• United States
3 Mar 09
Hi there Mikyoo12, well here are a few tips from me. Which I am not guru when it comes to credit but I do know a little. What you need is to build good credit. I would get a secured credit card and only use less than half of what you put into the card. Than what ever you use pay back at every statment, see credit card compaines give credit to people who do not need it. If you use all your credit at once than they know that you are hard up for money. Also I think getting a bank account both checking and savings should help as well, if you do not already have one. Credit is not just based on cards it is based on how long you have lived somewhere, job history etc. I hope I helped you in some way and take care happy mylotting also.
@Mikyoo12 (187)
• United States
3 Mar 09
Thank you very much for your input. i appreciate it. i WILL TRY AND GET A secured credit card. I just have to decide which will be the best one for me to get without any scams.
@deebomb (15322)
• United States
5 Mar 09
Credit card can be both good and bad. They can be so handy that they can get you in a lot of trouble. If your going to have one make sure it is well known and has a low interest rate. Make sure you can pay it off every month to avoid being charged any interest. If you end up not being able to pay it off every month then make payments larger that the required amount to keep it down. I have a credit card but when I get it payed off I will never use it again. Why give some one else all that interest money? In stead have an emergency fund that you continually add to so you have cash to pay for every thing.
@majja1 (48)
• Australia
4 Mar 09
I am not 100% sure about this but I heard somewhere that when you swap your credit cards you should not close down old cards accounts. If you keep them open (even if you don't use them) your old "credit limit" will still be used in the calculations of your credit score. The old + new credit limit will be added together and compared with what you owe them and if you paying on time etc..