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creditmix
U POSTER
Joined: 07 Feb 2008
Posts: 55
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 Posted: Wed Mar 12, 2008 2:50 pm Post subject: Secured credit card helps build credit history |
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Hi there,
We would like those of you who built credit history using secured credit cards share your experience in this topic.
Also we will help to get information about secured credit cards for people who are seeking secured credit cards and need assistance.
Please be cooperative ask your questions, share information, and get answers! |
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Steve B
Joined: 06 Feb 2008
Posts: 46
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| Posted: Wed Mar 12, 2008 2:55 pm Post subject: |
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Hi, I'm glad you posted this topic.
I have a  For the past six months, my gaughter held a secured credit card with Bank of America averaging a 30 percent month-to-month balance. She maintained a perfect payment history on the card.
When is it reasonable to request a credit limit increase or to request a standard credit card?
Thanks, Steve |
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SBrat
Joined: 12 Feb 2008
Posts: 10
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| Posted: Thu Mar 13, 2008 4:53 pm Post subject: |
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That's what I need to improve my destroyed credit history - secured credit card!
Secured credit card is a good start not only for those who wants to build up a credit history from the begining and also for those who wants to repair damaged credit line!  |
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Voffka
Joined: 17 Dec 2007
Posts: 19
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| Posted: Fri Mar 14, 2008 11:50 pm Post subject: |
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You need to prepare for this move. And I’m not just talking about getting some money first to make a deposit and cover all fees. Secured credit cards are as real as any other credit cards. Gotta work them just like you would a regular card. Pay on time, don’t overdraft, etc. Don’t think it’s a miracle, in its essence it is still far from divine intervention of any kind  |
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creditmix
U POSTER
Joined: 07 Feb 2008
Posts: 55
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Voffka
Joined: 17 Dec 2007
Posts: 19
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| Posted: Mon Mar 17, 2008 10:59 pm Post subject: |
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| How long, do you think, it will take to "graduate" from a secured card to something more decent? Any ideas... |
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cardexpert
Joined: 04 Feb 2008
Posts: 21
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| Posted: Tue Mar 25, 2008 8:20 pm Post subject: |
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| How long, do you think, it will take to "graduate" from a secured card to something more decent? Any ideas... |
To tell the truth, the period of time between secured credit card and regualr credit card upgrade is almost totally up to you. It doesn't mean that they will approve you to the unsecured credit card at your request, but I mean that you have to build your credit history carefully and keep it clear.
If you make payments on designated time, do not miss them, and pay off you balance every month, chances that you will be upgrade for unsecured credit card sonn are very high.
Banks need to see your credability, they will make sure that you are able to pay off your balances and definately will want you as their regular customer.
Do not rush in! |
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Voffka
Joined: 17 Dec 2007
Posts: 19
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| Posted: Fri Apr 04, 2008 12:44 pm Post subject: |
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| Hehe. In a situation like that all someone can do is wait. There will be no rush, as I imagine Anyways, thanks for your replies, guys and gals |
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