Secured Credit And Fico

Discussion in 'Credit Talk' started by scorpio07, Sep 9, 2003.

  1. scorpio07

    scorpio07 Well-Known Member

    Does anyone know if a secured credit card lowers your fico score.


  2. mbelden

    mbelden Member

    Applying for the card and using it responsibily should improve your score over time. Of course when you apply you will get a hard inquiry which may cause you to lose a few points on your credit score.

    Many people use secured cards to help rebuild poor credit history.

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