Jump to content

My Version of the "Credit Repair 101" Index


Jen23514
 Share

Recommended Posts

Can someone elaborated what is so bad about this card. I am a newbie so I may not fully understand but the only problem I see is the annual fee charged monthly and the high APR. It may not be ideal but it is one of few options available tome with a credit score of 550 and with a bankruptcy (now removed but there whenI was approved) and a delinquency judgement from a repossed auto unsecured. As long as you don't carry a balance and pay on time, what's the problem? To be honest I was looking for a pre-paid card or something with a credit builder program that reports to all 3 bureaus monthly but those don't seem to exist anymore. I think of the annual fee charged monthly as one of those fee based credit builders. Sure, I could get secured cards with lower fees but first you have to come up with the money and 2 years ago when I first applied money was extremely tight. I'd rather use the money to pay for delete some of the numerous small collection accounts I had then put it as a security deposit. If there is something more I should consider regarding what's wrong with the card please share. Thanks

Link to comment
Share on other sites


Can someone elaborated what is so bad about this card. I am a newbie so I may not fully understand but the only problem I see is the annual fee charged monthly and the high APR. It may not be ideal but it is one of few options available tome with a credit score of 550 and with a bankruptcy (now removed but there whenI was approved) and a delinquency judgement from a repossed auto unsecured. As long as you don't carry a balance and pay on time, what's the problem? To be honest I was looking for a pre-paid card or something with a credit builder program that reports to all 3 bureaus monthly but those don't seem to exist anymore. I think of the annual fee charged monthly as one of those fee based credit builders. Sure, I could get secured cards with lower fees but first you have to come up with the money and 2 years ago when I first applied money was extremely tight. I'd rather use the money to pay for delete some of the numerous small collection accounts I had then put it as a security deposit. If there is something more I should consider regarding what's wrong with the card please share. Thanks

Which card?
Link to comment
Share on other sites

  • 3 weeks later...
  • 3 years later...
  • 2 years later...
  • 2 months later...
  • 5 months later...
  • 9 months later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

Guidelines