credit card with no credit
Back to the Future soundtrack – The Power Of Love with Lyrics
How can i rebuild my credit, when no one will approve me for a credit card?
I have my utilities which of course help, but i have heard a credit card is the best way to rebuild credit. But with my credit being not real good, no one will approve me for a credit card. I feel like i am chasing my tail in circles.
Orchard Bank may be able to help, they have cards for people trying to build/rebuild credit. If all else fails, you may have to open a secured credit card. How it works is that you have to put a deposit upfront to get the same amount of the deposit in a line of credit. For example, you deposit $300, your credit line’s $300. The deposit doesn’t cover your minimum payment or what you charge on it. The credit line can be increased by adding to the deposit periodically. Usually after paying on time and not maxing out the card, the card converts to a regular credit card and the deposit is given back. Also, you can report paying your utilities and other monthly payments like cell phone, day care, rent etc that doesn’t show on your regular credit report by enrolling with a credit bureau called PRBC. Utlity bills were never considered to be useful to build credit until now. I posted the link to Orchard Bank and PRBC. PRBC will definitely help you out, I strongly suggest you check out the website.