Comments on: What is the best credit cardfor a young person looking to repair bad credit?

By: MissyMiss

MissyMiss — Wed, 02 Jun 2010 11:09:41 +0000

You can get a secured card if you have to; that might be all that you qualify for.

I’ve had 2 “bad credit” unsecured credit cards (one Mastercard and one Visa) in the past, and they definitely helped raise my credit score…but they both required a bunch of money. Like…I think I had to pay an annual enrollment of $179 and a monthly fee of $6…and my card only had like a $200 or $300 limit! Jerks. LOL

You can repair your credit without getting a credit card, and some medical bills can be negotiated or forgiven. I’m going to link you to an article that explains ways you can repair your credit for free (no debt consolidation companies or anything crazy like that).

Good luck!

By: Mario

Mario — Mon, 31 May 2010 20:08:46 +0000

Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – credit-report-free.totalh.com

By: T2

T2 — Sat, 29 May 2010 18:36:43 +0000

I would advise that you look into a secured credit card. Try a site like findsecuredcards (google it)

As long as you can supply them with your deposit, they don’t do a credit check or anything like that. You should be fine, good luck!

By: Answer Me

Answer Me — Sat, 29 May 2010 09:47:16 +0000

Call up citibank, Bank Of America and Chase asking them for their secured credit card app. I repaired my credit with a citibank secured card and I still have it, it’s great with the virtual numbers they allow you to create for safe online shopping.

You need $500 deposited for 18 months for the secured citi card. I would get two while you are at it if you can afford so because its way better to have two tradelines than one. Then just wait for your credit report to become cleaner and cleaner and pretty soon people will be offering you unsecured credit

By: sutski

sutski — Fri, 28 May 2010 09:38:28 +0000

There is not really a specific card that will help more than others. Just look for a card that you can schedule online payments for automatically so that you do not forget. Always make sure to pay early, because the amount of credit you have available versus the amount you are using is a large part of your score. Here is the breakdown of what affects your credit score:
35% – payment history: late payments, on-time, etc.
30% – credit utilization: how much credit available compared to used
15% – length of credit history: the longer you have your credit accounts and pay on time, the better for you
10% – types of credit used: car loans, credit cards, etc.
10% – credit requests/inquiries: applying for multiple credit cards or loans in a short amount of time will hurt your score.

There is no way to improve your credit score overnight, just pay on time and be patient. Try to use different sources of credit when available. Good luck and remember to save too.

By: the tax lady

the tax lady — Thu, 27 May 2010 18:54:24 +0000

You are stuck. You probably can’t even get a secured card until you are 21.