Hi CN! I've been fastidiously cleaning up the negatives on my CR recently, but I've yet to start establishing more positives. When I went to my 2 local banks, they were ALL pushing their unsecured loans, even though at 572 (Eq) and self-employed I wouldn't have a shot. WHAT'S THE FASTEST WAY TO GO SECURED? 1) CDs? 2) Secured Credit Cards? I WANT TO QUALIFY FOR A HOUSE IN 6 MONTHS (VA). Please help! Thanks, Slim Fatman
It's really a mix of stuff. You need a card that reports to the CRAs. Not all do. Ask and make sure. Get a store card: Walmart, Chadwicks, Victorias Secret-something that is easy and reports. Many get a cd, then borrow on it, wait six months, and pay it back. This also helps. Do it with a couple of banks and it will look good on your report-just make sure you pay them back! At first your score goes down a litte because of the inquiry and new tradeline, but in a couple of months, it shoots up.
Hey Thanks, wert Did you know Wert is "value" in German? QUESTION: any advice on what the easiest cards to get? I've got Sears, but that was before I got into trouble 3 years ago... Thanks! Slim
