Rebuilding Credit after Bankruptcy
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Posted: Tue Jan 11, 2005 11:27 pm
Post subject: Rebuilding Credit after Bankruptcy
ADA JOYCE
Date: 8/30/2000 9:12 pm CDT
HI ALL!
I JUST FOUND THIS SITE TODAY AND FINALLY FELT THAT THERE WAS SOMEONE HERE TO HELP ME. JUST SPENT 27 BUCKS ON MY PHONE BILL TO GET LESS INFO THAN I HAVE GOTTEN HERE. AFTER TRYING TO OVERCOME A DISABLING ILLNESS, I AM TRYING TO GET MY CREDIT WITH MERCHANTS BACK UP TO PAR.
BEEN THRU BANKRUPTCY AND ALL. NOW THAT IT`S OVER, I HAVE APPLIED FOR A MASTERCARD AND ACCEPTED AND NOW I WANT TO TRY MERCHANTS WHO OFFER CREDIT CARDS JUST WITH THEIR COMPANY TO THOSE OF US WHO HAVE NO OR BAD CREDIT.
HAVE ALREADY BOOKMARKED YOUR SITE AND HAVE QUITE A FEW PEOPLE IN MIND TO SEND HERE. PLEASE GUIDE ME ON THIS ISSUE AND THANKS
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Tue Jan 11, 2005 11:28 pm
Post subject: Rebuilding Credit after Bankruptcy
Board Monitor - CA
Date: 8/30/2000 10:52 pm CDT
Ada,
Thanks for your post and comments! You might want to look at our "Poor Credit Report" if you haven't done so already. Click on "Card Reports" and then click on "Poor Credit". I would suggest that you consider a secured card. Many only require small deposits ($200 for ex.) and secured cards typically have much more attractive terms than unsecured cards. Be sure, if you decide to apply for a secured card, that the card issuer reports to one of the three major credit bureaus (click on our "Credit Report" link for more info. about credit bureaus) and that the issuer doesn't report the card as being secured.
Hope this helps and good luck! Keep us posted on your progress.
Best Regards,
Curtis Arnold
CFCCT P.R. Director
http://www.CardRatings.org
archive
Posted: Tue Jan 11, 2005 11:29 pm
Post subject: Rebuilding Credit after Bankruptcy
Eugene Skorodinsky
Date: 8/31/2000 3:12 am CDT
> I would suggest that you consider a secured card.
Curtis, I think she's past that. I understood she allready has a card.
Ada, as Curtis said, make sure the card issuer reports to credit bureaus, and with good credit behavior, you'll start getting offers sooner than you might expect.
I don't think, though, that it is so important that the issuer does not report the card as secured. Credit analysts probably know which issuers don't, and low balances with those issuers are almost a dead giveaway.
Now, maybe they don't speculate that far, but then again, maybe they do. With credit, one of the problems is that consumers can only imagine themselves in the issuer's shoes but they can not actually get there.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Tue Jan 11, 2005 11:30 pm
Post subject: Rebuilding Credit after Bankruptcy
Ada
Date: 8/31/2000 2:06 pm CDT
Hi again:
Yes I applied and was accepted at 1st-net card and also opened a checking with CompuBank. After 3 months with no overdrafts, I will receive a debit card. Should I continue to apply to other companies? Such as merchants who offer credit cards for their companies only? If so where can I find such companies?
archive
Posted: Tue Jan 11, 2005 11:31 pm
Post subject: Rebuilding Credit after Bankruptcy
Board Monitor - CA
Date: 8/31/2000 4:53 pm CDT
Ada,
The Net-1st card which you are referring to has a $96 annual fee in addition to a $89.95 processing fee. Needless to say, these fees are quite steep and we only recommend this card for someone who is turned down for a secured and/or unsecured card. Although the Net-1st card is one of our sponsors, we only rate it with three stars. I would suggest you apply for a secured card if you haven't already. The terms are much more favorable.
Hope this helps!
Best Regards,
Curtis Arnold
CFCCT P.R. Director
http://www.cardratings.org
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Tue Jan 11, 2005 11:27 pm
Post subject: Rebuilding Credit after Bankruptcy
ADA JOYCE
Date: 8/30/2000 9:12 pm CDT
HI ALL!
I JUST FOUND THIS SITE TODAY AND FINALLY FELT THAT THERE WAS SOMEONE HERE TO HELP ME. JUST SPENT 27 BUCKS ON MY PHONE BILL TO GET LESS INFO THAN I HAVE GOTTEN HERE. AFTER TRYING TO OVERCOME A DISABLING ILLNESS, I AM TRYING TO GET MY CREDIT WITH MERCHANTS BACK UP TO PAR.
BEEN THRU BANKRUPTCY AND ALL. NOW THAT IT`S OVER, I HAVE APPLIED FOR A MASTERCARD AND ACCEPTED AND NOW I WANT TO TRY MERCHANTS WHO OFFER CREDIT CARDS JUST WITH THEIR COMPANY TO THOSE OF US WHO HAVE NO OR BAD CREDIT.
HAVE ALREADY BOOKMARKED YOUR SITE AND HAVE QUITE A FEW PEOPLE IN MIND TO SEND HERE. PLEASE GUIDE ME ON THIS ISSUE AND THANKS
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Tue Jan 11, 2005 11:28 pm
Post subject: Rebuilding Credit after Bankruptcy
Board Monitor - CA
Date: 8/30/2000 10:52 pm CDT
Ada,
Thanks for your post and comments! You might want to look at our "Poor Credit Report" if you haven't done so already. Click on "Card Reports" and then click on "Poor Credit". I would suggest that you consider a secured card. Many only require small deposits ($200 for ex.) and secured cards typically have much more attractive terms than unsecured cards. Be sure, if you decide to apply for a secured card, that the card issuer reports to one of the three major credit bureaus (click on our "Credit Report" link for more info. about credit bureaus) and that the issuer doesn't report the card as being secured.
Hope this helps and good luck! Keep us posted on your progress.
Best Regards,
Curtis Arnold
CFCCT P.R. Director
http://www.CardRatings.org
archive
Posted: Tue Jan 11, 2005 11:29 pm
Post subject: Rebuilding Credit after Bankruptcy
Eugene Skorodinsky
Date: 8/31/2000 3:12 am CDT
> I would suggest that you consider a secured card.
Curtis, I think she's past that. I understood she allready has a card.
Ada, as Curtis said, make sure the card issuer reports to credit bureaus, and with good credit behavior, you'll start getting offers sooner than you might expect.
I don't think, though, that it is so important that the issuer does not report the card as secured. Credit analysts probably know which issuers don't, and low balances with those issuers are almost a dead giveaway.
Now, maybe they don't speculate that far, but then again, maybe they do. With credit, one of the problems is that consumers can only imagine themselves in the issuer's shoes but they can not actually get there.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Tue Jan 11, 2005 11:30 pm
Post subject: Rebuilding Credit after Bankruptcy
Ada
Date: 8/31/2000 2:06 pm CDT
Hi again:
Yes I applied and was accepted at 1st-net card and also opened a checking with CompuBank. After 3 months with no overdrafts, I will receive a debit card. Should I continue to apply to other companies? Such as merchants who offer credit cards for their companies only? If so where can I find such companies?
archive
Posted: Tue Jan 11, 2005 11:31 pm
Post subject: Rebuilding Credit after Bankruptcy
Board Monitor - CA
Date: 8/31/2000 4:53 pm CDT
Ada,
The Net-1st card which you are referring to has a $96 annual fee in addition to a $89.95 processing fee. Needless to say, these fees are quite steep and we only recommend this card for someone who is turned down for a secured and/or unsecured card. Although the Net-1st card is one of our sponsors, we only rate it with three stars. I would suggest you apply for a secured card if you haven't already. The terms are much more favorable.
Hope this helps!
Best Regards,
Curtis Arnold
CFCCT P.R. Director
http://www.cardratings.org
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 12:33 PM
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