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bad credit credit cards which bad credit credit cards??
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My credit and that of my wife is pretty bad. No chance of getting approved for a credit card. We had a business to fail badly about three years ago after a hurricane...there were repossessions, evictions and trips through court and still outstanding judgements. For the past three years, we have NO credit. No loans, no car payments, no rental payments reported to the bureaus, nothing at all good or bad (unless some of the creditors from three years ago are just getting around to reporting us). We have another small biz now that is profitable. It will soon become necessary that we have a credit card to continue that business. My question is: which of the secured or high-fee unsecured cards is the best? We have an offer from Providian's Aria...$500 limit for about $180 in fees. Pretty steep, but we need the card bad enough to do it. We will make the needed business purchases on the card, and pay balances monthly.
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The administrator has disabled public write access. |
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bad credit credit cards which bad credit credit cards??
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My question is: which of the secured or high-fee unsecured cards is the best? Forgive me if you've already tried this, but are you certain you can't get a regular credit card? Conventional wisdom is to do all your business banking at one place, exactly so that you can get favorable treatment in dicey circumstances. If you have a good relationship with the bank where your business account is, why not apply there? (I suggest talking to someone there in person, and briefly explaining the situation including your past problems and the fact that you've cleaned up your act, before making a formal application.)
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The administrator has disabled public write access. |
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bad credit credit cards which bad credit credit cards??
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My credit and that of my wife is pretty bad. No chance of getting approved for a credit card. We had a business to fail badly about three years ago after a hurricane...there were repossessions, evictions and trips through court and still outstanding judgements. For the past three years, we have NO credit. No loans, no car payments, no rental payments reported to the bureaus, nothing at all good or bad (unless some of the creditors from three years ago are just getting around to reporting us). We have another small biz now that is profitable. It will soon become necessary that we have a credit card to continue that business. My question is: which of the secured or high-fee unsecured cards is the best? We have an offer from Providian's Aria...$500 limit for about $180 in fees. Pretty steep, but we need the card bad enough to do it. We will make the needed business purchases on the card, and pay balances monthly.
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The administrator has disabled public write access. |
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bad credit credit cards which bad credit credit cards??
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=My credit and that of my wife is pretty bad. No chance of getting =approved for a credit card. We had a business to fail badly about three =years ago after a hurricane...there were repossessions, evictions and =trips through court and still outstanding judgements. = =For the past three years, we have NO credit. No loans, no car payments, =no rental payments reported to the bureaus, nothing at all good or bad =(unless some of the creditors from three years ago are just getting =around to reporting us). = =We have another small biz now that is profitable. It will soon become =necessary that we have a credit card to continue that business. = =My question is: which of the secured or high-fee unsecured cards is the =best? = =We have an offer from Providian's Aria...$500 limit for about $180 in =fees. Pretty steep, but we need the card bad enough to do it. We will =make the needed business purchases on the card, and pay balances =monthly.
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The administrator has disabled public write access. |
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bad credit credit cards which bad credit credit cards??
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Try opening a broker account coming with a VISA or Master check card, if you can. They seems to be more eagerly giving out Check card to their customers. From there you can build up your credit I hope. Also try Gas Credit cards, Department store credit cards... etc. Check card (aka debit card) has NO effect on your credit rating. Moreover, there are security issues and problems with dispute resolution which are unfavorable to the consumer. Better bet to build credit is an actual credit card, even if secured . Or, as you point out, gas cos. and department stores seem to be more eager to lend.
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The administrator has disabled public write access. |
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bad credit credit cards which bad credit credit cards??
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=My credit and that of my wife is pretty bad. No chance of getting =approved for a credit card. We had a business to fail badly about three =years ago after a hurricane...there were repossessions, evictions and =trips through court and still outstanding judgements. = =For the past three years, we have NO credit. No loans, no car payments, =no rental payments reported to the bureaus, nothing at all good or bad =(unless some of the creditors from three years ago are just getting =around to reporting us). = =We have another small biz now that is profitable. It will soon become =necessary that we have a credit card to continue that business. = =My question is: which of the secured or high-fee unsecured cards is the =best? = =We have an offer from Providian's Aria...$500 limit for about $180 in =fees. Pretty steep, but we need the card bad enough to do it. We will =make the needed business purchases on the card, and pay balances =monthly.
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The administrator has disabled public write access. |
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