How can I rebuild my credit?
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
http://www.accountnowvisa.com/info/cbPro...
Once you're able to get an account opened, since you're not able to get regular credit cards, a good option would be the secured route. You'll have to use your money to build credit for you. The reason I say that is that you can think of a secured credit card as building credit using a savings account, because that's how it works for the most part. You place a deposit, (usually $200) in order to get the same amount. The key is to start small and work your way up. The deposit is usually tied to a savings account that's used for collateral to "secure" the credit line and can't be used to pay the balance on whatever you spend on the card, you'll still have to pay back what's charged unless it went to collections. The good news is that the deposit does gain interest like a savings account, and you can increase the credit line by adding to the deposit. This is important because like I mentioned earlier, the more available you have than what you owe, the better your score. The easiest way to manage the card would be by making small purchases ($20/month is perfect) that you can pay in full on time every month. And if you can, continue to increase your credit line. The higher your limit , the better your score. Usually after a year or so, of paying on time and keeping the balance low, the card either converts to a regular card, or a better card's offered, and more importantly, you get the deposit back. You may start getting offers for credit again, but I'd suggest repeating the process again with another secured credit card, to minimize the risk of getting turned down. I posted links to several secured credit card companies that should work for you.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.