Credit Repair For Free!

Its QA time again. This one comes from babe112083 who is asking

Anyone know of any really good secured credit card deals for people who have bad credit? Im looking for one preferably with minimum annual fees.Actually I just read what the difference between secured and unsecured is and I really want an unsecured credit card. Is there any that you would suggest?

Answer: I can understand why youd what an unsecured credit card. The title itself implies you dont have to put down any of your money. This of course is very misleading.Stay away from unsecured credit cards for bad credit. Its true; in most cases you dont have to put down a dime..but when you get your 1st billyoull most likely see a very large annual fee. Ive seen unsecured credit cards with an $150 annual fee. I just think a secured credit card is better. At least if you ever close it, youll get your deposit back. With the unsecured credit card for bad credit, your annual fee just goes to the bank. Read full article…

Tags: Bad Credit, Credit, Credit Card, Secured Credit Card

Here’s an email I got today from Jennifer.

Jen and Ken filed bankruptcy in February 2010. Because Jen’s bankruptcy does NOT show on her credit report, her credit score is much lower than Ken’s.

( Jennifer and Ken are not their real names.)

If your after bankruptcy credit rpeort isn’t right, we’ll work with you on dispute letters to the credit bureaus. If letters don’t work, we’ll sue.

“Mr. Weed:

“Our discharge was a one year ago in June 2010. When we tried to buy a car back in December 2010, the Chapter 7 discharge was not on my credit report. I pulled my credit a few days ago and the discharge is still not showing, many account are marked as delinquent and my score is terrible. I filed several ‘disputes’ with Equifax but this could take up to 45 days. Why is the discharge not on my credit report? What can I do to fix this?? I am very frustrated that my credit looks terrible. The discharge Read full article…

Tags: Credit Report, Report

Chase launched an exclusive offer today that comes with a whopping $150 cash back.

This special Chase Freedom Visa credit card allows you earn $100 cash back after making $500 in qualifying transactions during the first 3 months from account opening.

Qualifying transactions include purchases, balance transfers, and any checks that are used to access your account, but excludes cash advances.

Additionally, if you execute a balance transfer within 30 days of account opening you’ll earn another $50 cash back.

So if you balance transfer $500 when opening this credit card, you’ll earn $150 cash back, which could offset the balance transfer fee entirely, which is 3%.

Quick example:

Balance transfer amount: $2,000 Balance transfer fee: 3%

The fee here would be $60, but you’d earn $150 cash back, so you’d net $90. It’s pr

Read full article…

Tags: 150 Cash, 150 Cash Back, Back, Cash Back

Many of you might be asking this same question so Im posting with the answer here. Enjoy. The question is from questions

Rebuilding my credit and I have an old Master Card account that was charged off that I am attempting to satisfy. I want to obtain a secured card from a local credit union to start establishing some good credit. Do I have to satisfy the old account before doing this or will I be able to get the secured card.

Answer: In general , secured credit cards will be issued irrespective of your credit history. Do not worry just apply for securied credit card. With credit unions it will be much easy than banks.

Tags: Credit, Mc Charge

Heres a good question from mcalixto2390 with an even better answer, enjoy:

since when you log on to your citi card account, it gives you the option to request an additional card.So last night my dad requested one for me with my name on it, but from his account.I am just wondering since I will technically have a credit card in my name, but from his account, will my using the card count towards my credit? IE, my credit score, so when I apply for other credit cards, I get approved?My dad requested the card for me so I can get used to it, I guess. The card was just requested last night so I was wondering how long it will take to arrive. The website said if it doesnt arrive in 10 [business?] days, to contact customer service, but I want to know how long it usually takes to arrive.Yes, I know Monday is a holiday. =]Thanks for any replies.

Answer: It usually takes about a week for the plastic to show up.If you are an authorized user on his account, the reports will be in his name, not yours. Read full article…

Tags: Card, Card Account…