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Yahoo Answers! Credit Cards This is a RSS feed for Topics from Yahoo Answers! That pertain to the discussion of credit cards, bad credit cards and credit limits. Feel free to discuss this in the credit card discussion Forum. MEMBERS WITH THE DESIGNATION Powered by Yahoo! Answers under their names ARE BOOTS FROM YAHOO ANSWER...! NEW THREADS MUST BE STARTED ON REGULAR FORUMS, MEMBERS ARE HOWEVER ABLE TO ANSWER OR PARTICIPATE WITH CURRENT THREADS...

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Old 10-26-2007, 06:06 AM   #1 (permalink)
nascarfan200378
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need to have 2 open revolving credit accounts to build a credit score. having 2 secured credit

cards help? i have a secured capitol one card. i always pay on time and keep a few dollars still on it. i have a car so do not want to get a loan and pay 25-29% on a car i dont need. since the bankruptcy i have gotten a really good job makin over 100k/year. i have managed to save bout 30k this year alone. i am just trying to mainly find ways to build and get a credit score goin. and would like to know if having 2 secured credit cards is a good idea?
 
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Old 10-26-2007, 06:07 AM   #2 (permalink)
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Credit cards is a great way to build up a good record. All the credit company's are looking at is that you don't default on your payments and you always pay on time.
Like you've obviously found out it very hard to obtain credit without a credit record as they have nothing to go on then...
Also, here in the UK you must be on the Electoral Role too.
 
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Old 10-26-2007, 06:07 AM   #3 (permalink)
Joyce T
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If you have filed bankruptcy before, your credit score may not be high enough to qualify for an unsecured credit card. But you should try and see. It's better to get an unsecured credit card. It tells the lenders that you have no problem getting one. Unsecured credit cards also offer better interest rates, reward programs and most of them do not have annual fees.
 
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