Does a Secured Credit Card Help Increase My Credit Scores

Does a secured credit card help your credit scores? This is a very common question that people who are trying to repair their credit rating often ask. While the answer is yes a secured credit card does help your credit scores there is more information that you need to know in order to get the most from your credit repair efforts and your secured credit cards.

Tips For Credit Score Improvement Using Secured Credit Cards

First you need to make sure that you do not abuse your new secured credit card. There are only two ways that you can make sure you do not abuse your charge card, do not pay the account late and do not max the account out.

While these may seem like obvious tips they are often ignored. Many people with bad credit often end up repeating the same mistakes they made before a short time after they get their new secured card. To avoid late payments it is recommended that you enroll in any auto pay program that your card issuer offers its borrowers. Being enrolled in auto pay will guarantee that your payment is never late and your scores continue to rise.

As far as not maxing your secured credit account out this is also very important if you want your credit scores to improve, in fact if your balance goes over 40% of your accounts limit your scores can actually start to quickly drop.

This is an area where you will have to use self control and keep careful track of your spending or your new credit card could end up hurting your credit scores rather then helping them. If you can manage it the best thing to do is to pay off the balance in full every month and avoid carrying a balance all together.

Three Great Secured Credit Cards That Will Help You Boost Your Credit
The Rush Card

Founded in 2003 by entrepreneur and philanthropist Russell Simmons, UniRush, LLC, revolutionized the payments industry when it launched one of the first prepaid Visa debit cards. Rush Card empowers cardholders to take control of their financial futures. It’s an easy-to-use alternative to credit cards without the worry of credit card debt.

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The Next Millennium Secured Master Card

The next millennium Master card offers instant online secured credit card approval,with no credit checks and offers secured credit lines of up to $5000. With the secured next Millennium MasterCard You will enjoy all the purchasing and credit score boosting benefits of a normal MasterCard without the worry of getting yourself into credit card debt.

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Account Now Master Card

The Account Now Secured credit offers applicants 100% approval and $0 cost activation fees. You can also apply online and have your new account open in minutes.The Account Now Secured credit offers applicants 100% approval and $0 cost activation fees. You can also apply online and have your new account open in minutes.


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Get a Better Credit Score-How To Get Better Credit Scores Using Self Credit Repair

Trying To Get a Better Credit Score?

If you are one of the many people around the world wondering how to make credit scores better so you can secure financing you are not alone. There are many people just like you struggling with bad credit looking for a solution. Well the brief article below will give you some tips on how to get a better credit score quickly!

How Can I Get a Better Credit Score

First you need to look at why your credit score is low. Are you in to much debt with maxed out credit cards or do you have a history of late payments and charged off accounts. Each group will have a different approach when they attempt to get a better credit score.

If You Have To Much Debt 

If you have to much debt that is dragging your fico scores down you are going to have to eliminate some of that debt.This can be done with debt consolidation loans, paying more towards the minimum monthly payments or credit counseling services.What ever option you choose paying down debt is something that generally happens of a period of time and not very quickly.

If You Have  Poor Credit History

If your past is full of late payments, judgments and collection accounts you are going to need to eliminate as much of this history as possible.This can be done with a credit repair service who will charge you hundreds to thousands of dollars. Or you can do credit repair yourself and get the same results for alot less money.
The good news is that self credit repair is pretty easy to do if you have the right plan to follow and approach it the right way.

What Does DIY Credit Repair Involve

You will be sending properly formatted credit dispute letters into the three major credit bureaus telling them you believe the negative information about you to be false. Under federal law they will need to verify this information with the original account issuers. If proof cannot be produced then the account must come off and your credit score will be better.

Where Can I Get More Information On Self Credit Repair

If you want a Better Credit Score and have a poor credit history then log onto http://www.creditfix123.info and learn more about the self credit repair system i used to increase my credit scores 135 points in 37 days!

Fixing My Own Credit-Tips For Self Credit Repair

Yes You Can Fix Your Own Credit

I need to fix my credit fast! If you have ever been turned down for a loan or even insurance that you needed very badly then you have more then likely uttered these words to yourself. But you are probably very confused and clueless about whats involved in fixing your credit

How To Repair Your Credit Yourself

the first thing that needs to be done before you can start to improve your credit is find out exactly why your FICO scores are low.

The only way that you can do this is to get a copy of your credit report and review it for errors and negative information that will cause your credit scores to drop.

What am I Looking For Exactly

When looking over your credit report you want to look first for errors. Errors on your report are accounts that have information that is not accurate. It could be that a late payment is recorded when there never was a late payment, or even the limit is showing wrong and the report thinks that your balance is way over your limit.

credit repair magic can help boost your credit fast

Derogatory information is information that is negative in nature and true. This information is often late payments, charged of accounts, collections, judgments and bankruptcies. All of these will pull your credit score down fast.

What Do I Do after I Find These Accounts?

First make a list of these accounts so they are separated from your good accounts. Make sure that you arrange these accounts so that the oldest account is listed first and the newest is listed last.

Next You will need to write a credit dispute letter for the first two accounts to each credit bureau that is reporting negative information on this account. This is important because there are three bureaus and they all report differently so you want to make sure that you are not sending a dispute letter to a bureau that is not reporting negatively about you!

What Is On a Credit Dispute Letter and Why am I Writing It?

This letter is basically telling the bureaus that you do not agree with the information they are reporting. The credit dispute letter that you are writing should have your account number, your name, address and social security number. You also need to state the reason you do not agree with the account information.

How Will a Letter Help Me Fix my Credit?

Once your letter is received the bureaus under Federal Law must investigate this information with the original lender. If the original lender does not or will not provide proof of the information then the bureaus must remove the item. Once the negative item is removed from your report your scores should increase and your credit should be fixed a little bit.

One Final Tip To Help Boost Your Credit

If you are unsure on how to go about doing Self Credit Repair then pick up a good book or guide on the subject. Many are available online for a small fee and will help you get yourself squared away much faster. The Credit Repair Guides I Recommend can be viewed at http://www.creditfix123.info

How You Can Acquire a Improved Fico Score

What is the fastest line of attack to increase credit scores! This is something that a good number of folks declare to themselves once they become declined for a greatly needed loan and even insurance accounts. If you are one of these consumers then read the rest of this piece of writing since it should make you be familiar with why your credit score is awful and some trouble-free fast steps to boost your credit score!

Ways You Should Start Increasing Your Fico Score Rapidly

Initiate the process by taking a peek at a new credit report and discover the reasons your scores are low. Often times it will be traced to either having too much credit card debt and maxed out credit accounts, not enough credit history or a delinquent payment history with a good number of 30,60 or 90 day late payments. There are other reasons but these are the most frequent causes.

If You Have too Much Debt

Anytime you have credit cards that are over 50% of the credit account limit, your fico scores in most cases start to go down, the nearer you are in the direction of the limit the sooner they are going to drop! To fix this you have to pay this debt down. So get yourself on a financial plan and make an effort to hack away at the responsibility.

When You Have Not Enough Credit History

No consumer credit may give you either no scores or reduced fico scores. The good news is you can get a reporting consumer credit history in something like 30 days. All it takes is for you to get yourself a secured consumer credit card,. These accounts are backed up by a hard cash deposit you make with your bank. If you go into default on the card the financial company gets the security deposit!

In many instances your account in most cases switch into a un secured credit account inside six months and you get the said cash returned. Either way they record to the bureaus and will begin to provide you a quick improvement to the scores when used conscientiously!

Quickly Bumping Up a Poor Credit Past

The proven system to boost your fico scores when you have a poor credit history is to execute Do It Yourself credit fixing. Do it yourself credit fixing is a system where you dispute derogatory things on your credit record using the three main reporting companies. It is complete by sending consumer credit dispute letters to each agency.

When these correspondence is received by the companies they must have to inspect your claims with the corporation or financial company which is reporting about you negatively. They have 30 days to answer and if they fail to provide substantiation then the items must be removed off your consumer credit report.

Critical Advice For Performing Do it yourself Credit Fixing

The manner of Credit Repair is straightforward and you will begin to Improve Credit Score problems quick!

Credit Fix - Ways To Boost Your Credit and Turn Your Finances Around

Quick Credit Fix Tips

In the uncertain times we live in alot of consumers are determining that they won't be able to acquire any type of financing with less then desirable credit reports. In the current economy you need better then average consumer credit scores to possibly be considered! If you are presently tormented from the effects of poor credit reports then the credit fix advice that i have listed below will place you on a track to much better credit scores and a less complicated life.

Square Up Your Current Debt

First start off by sitting down and looking at your current amount of credit cards and other debt you presently possess. List the outstanding balances, rates of interest and minimal payments for each account. List them commencing with the account that has the most expensive loan rate and stopping with your charge account that has the lightest rate. This is the order you are going to have to pay the present consumer debt off.

At This Point Your Should Have a Budget To Help You

Next sit down and begin a budget for your money. This is very effortless to accomplish and fundamentally involves comparing the monthly accounts to the sum of money you earn. If you determine your money is won't pay the bills find things to eliminate. A good place to start saving more of your income is cell phone bills, cable Television or things such as dining out.

Once you have yourself budgeted re do the numbers and see how much extra money you can commit towards your present debt at the end of each month. This is going to help reduce the debt to limit ratios which as a side effect will boost your credit scores. And remember to always pay on time, a past due payment can really drive your FICO scores and any late payments you have are commonly not a major FICO score reducing factor after one year.

What If You Don't Have Any Credit?

Many Individuals who have bad credit are in this situation just because they just have zero credit history and as a side effect no credit scores. When it comes to acquiring loans no scores can actually be harder to deal with then having poor consumer credit! To get around this and receive fast credit that will add consumer credit history fast and give you credit scores in about one or two months apply for a secured charge card.

These consumer credit accounts are guaranteed by a deposit of cash you make with the issuing bank. This securing money protects your lender in the event you stop paying on your loan payments. It also helps protect you from collections and judgments should you go into default! These consumer credit cards function like a regular card does and when applied responsibly will add points to your credit report very fast!

One Last Tip To Help Improve Your Consumer Credit Scores ASAP

If you are unsure on how to go about performing Self Credit Repair then grab a expert book or guide on the subject. Many are available online for a small price and will help you get yourself squared away alot faster. The Credit Repair Guides I Recommend can be viewed at http://www.creditfix123.info

Self Credit Repair - What it Takes to Fix Your Credit Report Yourself

Self Credit Repair Is the Best Way to Fix Your credit Report

Self credit repair is the most affordable, effective and efficient way to fix your credit report and increase your fico score, but only if you do it the right way. Every year many people try and fix their own credit with limited to little success. These people fail mainly because they did not research the process or arm themselves with the knowledge needed to fix their own credit.

What Is Needed For Successful Self Credit Repair

First you are going to have to know what to look for on your report, not all accounts are negative and if you dispute the wrong ones you could drive your score down instead of up.

Next you are going to have to know how to write and format a proper credit dispute letter. Credit dispute letters are the back bone of this process and a poorly written one will get poor results. But a properly crafted one will give amazing results.

Next you will need to know where and when to send the letters. The common shotgun approach of disputing everything at once will often result in the bureaus realizing what you are doing and attempting to stop you in your tracks by sending you a frivolous dispute and not responding to future disputes. If you get one of these letters you must know the right way to deal with them or you are basically finished.

Next you will also need to know how and where to get new accounts to add to your credit report. These accounts will help boost your scores much faster and also lay the foundation for securing future credit.

One Final Tip For Fixing Your Own Credit

While this information may seem overwhelming Self Credit Repair is actually quite easy, but only if you have the right resources. The self credit repair kit at http://www.diycredithelper.com will provide you everything you need to quickly fix your credit.

Do it Yourself Credit Repair - What is Self Credit Repair Is It Good For Me?

Tips for Fixing Your Own credit

Do it yourself credit repair is probably the most effective and affordable way for you to increase your Fico scores and clean up your credit report. While there are companies that will do this for you many charge large fees and offer no guarantees on their service.

Does Do It Yourself Credit Repair Work

If done correctly it definitely can work and work quickly, however most people go about it all the wrong ways and often times have bad results. These people are the ones who think do it yourself credit report repair does not work and will tell others the same thing.

How To Do It Correctly

The right way to go about removing false, negative and old information from your report is to write a series of properly structured credit dispute letters. These letters will let the reporting agencies know that you do not agree with the information they are reporting about you.

Once they receive these letters they will need to contact the original creditor who will have to verify the information is true and communicate that back to the reporting bureaus. If they fail to prove it or go past the amount of time allowed by law then the item must be removed.

This applies to anything on your report that is bringing your scores down, even if it is true information. the item cannot be placed back on your report unless it is transferred to another company like a new collection agency. But if the account is old this rarely happens.

Where To Get Information To Do It Yourself Credit Repair

One of the best places you can get information to clean up your report is online. There are many books and kits you can down load that are designed for exactly the do it yourself type of person. Just make sure the book or kit you buy offers up to date information along with a detailed step by step plan and professional dispute letter templates.

Additional Self Credit Repair Tips

The process of Self Credit Repair is a fairly straight forward and simple process if you have the right plan to follow. If you go into it unprepared you run the risk of failing or damaging your credit further. At http://www.diycredithelper.com we offer a proven kit that will help you erase late payments and get your credit back on track in as little as 37 days!

Estimating Your Credit Score - Tips to Help You Estimate Your Credit Scores

Before applying for a loan many borrowers get nervous and wonder if they will get approved for financing. Knowing your credit score can eliminate this stress but credit scores change daily so how can you estimate your credit score right now?

The most important factor in your credit profile is paying your bills on time, if you have no 30 day late payment on reporting on your credit accounts that would be the most ideal situation for a high credit score. Most times borrowers with credit scores over 700 almost never will show a 30 day late on credit accounts.

Keep in mind that one 30 day late payment either on a credit card or home loan can drop your credit score 50-100 points. It will take 6-12 months for your score to return back to the level where it was at before the late payment. 60,90 and 120 late payments make the situation worse and will take longer to recover from.

Balance to credit limit ratio is another big deciding factor in your credit score. If you have many accounts maxed out at the limit then you can expect a drop in your credit score of up to 100 points. The ideal ratio is to have a balance at 45% of the credit limit. This is considered by many to be the ideal balance to limit ratio. If your credit accounts are maxed out then you can always ask the creditor for a credit line increase, this will drop the ratio down and bump up your credit score.

The number of credit inquiries will also have a negative affect on your credit score, to many inquiries and you score begins to drop. If you are shopping for a home or car only allow your credit report to be pulled 3 times. Excessive credit inquiries can have a drastic affect on your credit score so use common sense when shopping for things that require credit to be pulled.

If you have good payment history with low balance/limit ratios and have no had excessive credit inquiries you can be safe to estimate your credit score at 680-700, you can subtract 50 points for every 30 day late and another 50 points for every credit card that is maxed out. Although there are other factors the three listed above will make up the biggest portion of your credit score and it is safe to estimate your credit score based of of them.

For an effective and affordable Credit Repair Kit that will provide you with everything you need to boost your credit score quickly log onto http://www.diycredithelper.com

Tricks to Raise Credit Scores - The Truth About Increasing Your Credit Score & the Options You Have

It seems that people with bad credit are searching for tricks to raise credit scores fast. The truth is there are ways to improve your credit but there are no ways to simply trick the credit companies into increasing your score.

The best way to increase your fico score is to remove old negative information and add new positive information to your report. This is accomplished through a variety of ways that are listed below.

Ways Improve Your Credit Score

Wait It Out- If you can all your negative marks on your credit report will be removed in 7-10 years. In reality how ever most people cannot wait that long and need more immediate solutions to fix their problems.

Pay For Credit repair- There are companies that will attempt to repair your credit report for you. Most of these companies will charge a large up front fee or monthly installments. The results vary widely from company to company and because most charge by the month they will intentionally drag the process out to maximize their profits.

Self Credit Repair- This is probably the most effective and beneficial way for you to improve your fico scores. With self credit fixing you will be doing exactly what any company that charges a fee will do. If you are unsure of how to do this you can easily go online and find a good book or kit that will give you all the information that you need to be successful.

One Final Tip To Increase Your Credit Scores

Just make sure that any program that you follow is giving you up to date information, a detailed plan to follow, tools to track your progress and most importantly effective credit dispute letter templates.
If you are suffering from bad credit and need help with Self Credit Repair then head over to http://www.diycredithelper.com where you can find an effective and affordable self credit repair guide