Rasheeday Posted November 20, 2014 Share Posted November 20, 2014 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 Quote Link to post Share on other sites
Guest Posted November 23, 2014 Share Posted November 23, 2014 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. ThanksWhich card? Quote Link to post Share on other sites
Rlewis21 Posted December 12, 2014 Share Posted December 12, 2014 Im in need of a Link to help clean my credit up.. anyone?? Quote Link to post Share on other sites
Admin breeze Posted December 12, 2014 Admin Share Posted December 12, 2014 http://www,creditboards.com Quote Link to post Share on other sites
maht87 Posted July 21, 2018 Share Posted July 21, 2018 This is awesome. Great post! Quote Link to post Share on other sites
Lionheart consulting Posted August 19, 2020 Share Posted August 19, 2020 This is absolutely amazing! I cannot wait to dive into this!Sent from my iPhone using Tapatalk Quote Link to post Share on other sites
Jakay26 Posted October 28, 2020 Share Posted October 28, 2020 Thanks! Quote Link to post Share on other sites
philcrook Posted April 8 Share Posted April 8 This is perfect!! Thank you, on behalf of all of us Quote Link to post Share on other sites
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