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An unsecured credit card is an absolute necessity to establish any sort of credit today. You cannot get a bank loan with a credit history of just a secured credit card. HOW TO GET AN UNSECURED CREDIT CARD, NOW Call Western Security Bank (800) 972-9810 They're located in Burbank California. They require a security deposit but they will list your credit card with the credit bureaus as unsecured. Have them send you an application ASAP. Or . . . Orchard Bank in Portland OR will also be more than happy to help. If you have no prior credit history on your new account, their program is for you. You will be approved for an unsecured MasterCard card with a credit limit of $300. No savings deposit is required and over 90% are approved. Call for an unsecured MasterCard application as soon as you can. Their phone number is 800-581-6880. Or write them at: Orchard Bank, P.O.Box 19268, Portland, OR 97280. Also . . . Plains Commerce will be happy to issue you an unsecured VISA card with a $300.00 limit (to start) to almost anyone that has an active checking account and makes at least $800.00 per month. Just click here to be taken to their application page. If you have to get an secured credit card, make your payments early and even overpay your balance. After a few months, ask for an unsecured card, most banks will be happy to accommodate you. With a secured card, you are only building credit history with the bank that issued the card. But use this to your advantage, ask for an unsecured card as soon as you have a few months payment history. Here's another card that can help to build your credit. Just go to this link at USA Gold Card and as long as you have a job and a checking account, you will be approved for their Gold Card. This is a credit card that you can use to buy their merchandise only, but they do report to all 3 credit reporting agencies and start you out with a $5,000.00 limit. Keep your payments up and this can go a long ways towards rebuilding a bad credit history or building up no credit history at all.
BANKRUPTCY CREDIT SECRETIf you absolutely must file for bankruptcy, do not despair. A little planning ahead of time and you can have your credit restored in just a matter of months. Oh sure, your bankruptcy will still be on your credit record, but you will have something else that will convince your creditors that you are a good risk. This is all you have to do, just be sure that you keep your payments current on at least one of your major credit cards, such as Master Card or Visa. DO NOT MAX OUT THIS CARD. In fact, do not owe a dime on it at the time you go to court, then you can honestly say that you no longer owe anyone. You want to appear as if your only source of credit is impeccable. When you declare bankruptcy, do NOT include this card in your list of debts to be "forgiven" as they say. Don't even mention this one to anyone. Once you have had your day in court, and your bankruptcy is a done deal, you can now use your one good card to begin rebuilding your credit record. There are any number of stores out there that are willing to issue you a store card if you possess a major credit card. Even some of the gas companies will look upon this as an opportunity. Keep this card paid up and current. Now you can go to your bank and apply for a thousand dollar loan, using your credit card as collateral. Make the payments on the loan in a timely manner and watch your credit rating rise. You have a major credit card and a loan with a bank that shows no late payments, (one of the harder loans to obtain). You are on your way to rebuilding your credit.
DEBIT CARD SECRET FEWER RIGHTS ON DEBIT CARDS Some Visa and MasterCards
have payments deducted directly from your checking account (debit cards).
Under federal law, you technically don't have the same right to "charge
back" problem purchases as you do with a conventional credit card.
Also, if the card is lost or stolen, you can have up to unlimited liability
for losses if you don't report the problem within 60 days, which is
different from the $50 maximum liability on credit cards. (Exception:
the $50 limit applies to debit cards as well as to credit cards in Massachusetts.)
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Over FORTY subjects in the Members area! Hundreds of Credit Secrets revealed at last! Here is just a sample:
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