Professional Credit Repair

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ReEstablish Credit

Apr 29th, 2009 by

The Road Back To Good Credit

Credit repair is most effective with a multi-faceted approach. In other words, “out with the old AND in with the new”, all done simultaneously. You need to get rid of as much of the old as possible; negative, derogatory, outdated and erroneous information that drags your credit score down.

At the same time you need to be ushering in the new; fresh, current, regularly reporting credit accounts - carefully maintained with no late payments, overages or other derogatory information. This serves to dilute any remaining negative information and builds a strong foundation for your new, positive credit history as you move into the future.

Get On The Fast Track

The fastest, easiest and most effective way to establish, or re-establish, your credit history is by opening several new Visa and/or Mastercard accounts that you will carefully monitor and maintain. It works best if you do this at the same time you are having your credit reports cleaned up by a professional credit repair company.

Visa and Mastercard credit cards are the most powerful tools for fast, effective credit repair because they are easy to get, easy to maintain and, most importantly, they report your account activity to all 3 major credit bureaus monthly, which immediately begins to raise your credit scores. Plus you don’t have to incur any debt to set them up like you would with various types of loans. Managed properly, you can use the credit card providers on this page to begin building new, positive credit almost immediately.

Secured Credit Cards

Because of the combination of your damaged credit and the current condition of the economy, you will be unable to qualify for unsecured credit cards, so don’t even apply for unsecured credit at this time. Remember, each time you apply for an unsecured credit card, an inquiry appears on your credit report - further lowering your credit score.

The next best solution is a secured credit card, or actually, several secured credit cards. These are also know as “bad credit credit cards”. You do NOT need to go overboard with this; 2 or 3 secured Visa and/or Mastercard accounts is plenty to get started. Any more than that all at once could be seen as excessive and could potentially be problematic.

With secured credit cards, you will deposit money into a savings account which will then act as security for your line of credit. You can increase your credit line by increasing the amount of your deposit, and you can do this incrementally over time.

Bad Credit Credit Cards

These secured credit cards have been specially selected for their low rates and low fees, despite the fact that they are bad credit credit cards. Credit cards for people with bad credit typically have excessive application fees (in excess of $200 per card) and high annual and monthly fees. These secured credit cards do not.

Take the time and apply for each one right now; it takes only a moment:

Card 1: Public Savings Bank Secured Black Card

Apply here for the Public Savings Bank Secured Black Card!

0% APR on purchases for 6 months
Credit not a factor
No income requirements
Choose your credit limit. Up to $1 million
Build good credit - we report to all 3 major credit bureaus
$0 fraud liability
All applications accepted!
Free Visa Rewards including auto collision damage and emergency card replacement

*See Card Terms and Conditions

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Card 2: Applied Bank® Secured Visa® Gold Credit Card