Credit Tips: Credit Cards and Collection Agencies

Posted On: May 1, 2006

Author: NikkiG
Posted: Wed Mar 01, 2006 4:24 pm
Post subject: Credit Cards and collections

Hello
I am brand new to this board and so far thanks for the great info.
I am just beginning to recover from my horrendous college spending. My scores are still terribly low (550s) due to collections, charge offs (credit cards and bank accounts). Are there any credit card companies that would extend a secured or unsecured card to me. I bank with Citibank and applied for a secured card with them but was denied due to the fact that I had collection accounts. I don’t want to initiate another inquiry if I’ll just be denied again. I’ve read about New Millenium bank but I see htat various websites have them listed as frauds.

Any help at all would be great.

Author: astounding
Posted: Wed Mar 01, 2006 8:21 pm
Post subject:

Have you tried targeted “Student” card issuers?… because
from what I’ve seen, some of their offers require less
requirements than a secured card.

You can also try the Liberty Union Visa Debit Card (Visa) which works like
a credit card, but it isn’t one. Yes you still have the exact same
options with it as with a standard CC.

-A
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Author: beyond platinum
Posted: Thu Mar 02, 2006 3:24 am
Post subject: Re: Credit Cards and collections

NikkiG wrote:
Hello
I am brand new to this board and so far thanks for the great info.
I am just beginning to recover from my horrendous college spending. My scores are still terribly low (550s) due to collections, charge offs (credit cards and bank accounts).

Is this an admission of guilt or are you acknowledging that you made a mistake and damaged your credit record? You must know that your situation is really bad if you’re being turned down for a secured credit card. I hope that you have learned from this and will now begin to take responsibility for your debts. You can try First Premier Bank First Premier

I do not recommend getting a debit card or check card as they don’t report to the credit bureaus. Also, student credit cards are normally reserved for those without a credit history.
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