December 31, 2007

Credit Cards messed up my Credit, why do I need them?

Credit Cards may have been the reason your credit got the way it is. So you decided not to ever have a credit card again. I know credit cards are evil, but they are a necessary evil to establish credit. Let’s assume you have messed up your credit report with credit cards in the past. So now you must re-establish your credit. What is the quickest way to establish new credit? Most people don know this but credit cards help your credit rating. So you need 1 to 2 cards reporting to your credit report. Ok, but back to the re-establishing credit after some credit issues. You need to go get a Secure Credit Card, this is the quickest way to get your credit score on the rise. Yes, you need to deposit money with the bank, but it’s your money, and you quickly start the process of reporting good credit to all 3 bureaus. Here are some great secure credit cards I highly recommend that does not have a bunch of outrageous fees.1. Orchard Bank2. First Premier BankThese two Secure Credit Cards usually start reporting to the Bureaus to establish good credit with in 60 days. These cards will […]

Full Article At: KnowHow-Now.com Articles

Permalink Print
Made with WordPress and a healthy dose of Semiologic • Sky Gold skin by Denis de Bernardy