Bad Credit Credit Card

Question: I need a credit card, have bad credit, i've tried all the bad credit, credit cards.?

(Posted by: Bill on 2009-01-09 21:04:15)

So I used the freecreditreport.com feature for experian and my credit report is not so bad. Experian shows $8.797 in outstanding debt total, with 0% credit available, and a credit score of 529. It used to be $18, 000 in debt, but I got lots taken off due to id theft. So I never disupted anything with transunion or equifax, because I don& #039;t have online access to them due to my flag on my id. I don& #039;t know how to manually do it. It& #039;s just such a long process! ! SO I have had all the bad credit, credit cards like first premier bank, orchard bank etc., Now I when I apply for a card, it automatically denies it and I get a letter in the mail, and it hurts my credit even more. SO how can I get a card? Could I call a major company for example and ask if they would start me off with lke 250.00 credit line, and pay on it, and build it up? What can I do....? Credit Profile Percentage of credit currently available 0% Satisfactory accounts 12 Now delinquent/ derogatory accounts 0 Was delinquent/ derogatory accounts 4 Public records 0 Number of inquiries 38 Debt Profile Real Estate debt (mortgages) $0 Revolving debt (bank and retail cards) $3, 462 Installment debt (fixed payment loans) $2, 071 Other debt $0 Collection debt $3, 264 Your Approximate Total Debt $8, 797 I want to get everything together and the only way I see is to get 1 credit card, pay on it, and in the meantime payoff my outstanding debt. All are closed, and in collections. I have on company that has two of my accounts, and they are only taking 25.00/ month on a total balance of more than 14, 000.00 at 29% interest. It& #039;s discusting. If not, I will file bankruptcy and have nothing for 7 years, at that point I& #039;d be 31 years old, and how would I get a card then? I& #039;d be in the same boat I would think. I want to get everything together and the only way I see is to get 1 credit card, pay on it, and in the meantime payoff my outstanding debt. All are closed, and in collections. I have on company that has two of my accounts, and they are only taking 25.00/ month on a total balance of more than 14, 000.00 at 29% interest. It& #039;s discusting. If not, I will file bankruptcy and have nothing for 7 years, at that point I& #039;d be 31 years old, and how would I get a card then? I& #039;d be in the same boat I would think.

Posted by: Argenis on 2009-01-09, 21:07:38

I dont think there is any hope that you can get a credit card sorry

Posted by: petunia1 on 2009-01-09, 21:08:42

No credit card is what you need. Pay them off and use cash.

Posted by: Clueless<333 on 2009-01-09, 21:09:08

Pay your debts!!! its just gonna get worse if you get a credit card.

Posted by: Rhonda H on 2009-01-09, 21:09:27

If you have a bank, they can help you sign up for a secure credit card, which basically means that if you have an account with a certain amount of money in it, that would be your credit limit and its sort of like a debit card except it goes towards your credit score. I think you would have to have a minimum of $500 in it though.

Posted by: Secret Samaritan on 2009-01-09, 21:10:28

Sorry bud but your aint gonna get a credit card. You need to get back in the green. You should try to pay off you dept and try to rebuild your credit. If you dont see it being possible to pay off this dept within the next 7 years you may want to consider bankrupcy considering your credit will be restored after 7 years from declaring bankrupcy.

Posted by: Steve from PA on 2009-01-09, 21:12:32

The number of recent inquires is to much...why would you want a secured card any way?..You gotta pay off the debt, or wait seven years for ur credit to clean up ...without any inquires , judgements, civil actions etc..Ive learned to live without credit cards..and have saved thousands in interest..the only thing Im paying interest on is one car and my home. Ive got a visa debt card that serves all my emergency needs..

Posted by: emiloo on 2009-01-09, 21:22:56

Why the heck do u want a credit card..isnt that wat got u into the mess?

Posted by: dd74 on 2009-01-09, 23:40:27

Not sure if this is true or not, but I read in a credit repair report that you can get instant credit (no credit check) from some department stores if you just present them with one major credit card (Visa, Mastercard, Discover, etc.). Here are some listed that offer instant credit: Neiman Marcus Nordstrom Macy 's JC Penny Dillards Sears Halls If this works, use the credit wisely. Take care.

Posted by: mjghunter on 2009-01-10, 02:59:31

What are you thinking. You don 't need another card. Pay off the ones you have. Make it easier, LOL. It would have been much easier just to pay for the items when you could actually afford to buy them. CASH, CASH, CASH, CASH!!!

Posted by: multimastery on 2009-01-10, 10:16:31

Here 's what you need to do... You definitely don 't need another credit card at this time because you 've already stated that you 've had all the bad credit credit cards and now you 're getting turned down left & right. Furthermore, all those inquiries on your credit report are pulling your credit score down in the dumps even more. Just slowww down for a minute here. It 's gonna be a process and it ain 't gonna happen over night that 's for sure. You need to just concentrate on aggressively paying off your debt. AGGRESSIVELY is the keyword here. No time to play around. If you have to get a second job and get only 4 hours of sleep for the next 6 months to do it -- then you gotta do whatcha gotta do! As far as credit, as I stated earlier forget the credit cards you 're not ready. You need more personal financial management training. A good way to do this is to get in a debit state of mind. Debit strictly uses your own funds that you deposit into your account as compared to Credit - which is borrowed money with all types of rates and fees! For a Good Prepaid Debit Card for your situation check out the one that I 've been using for years - mysafeaccount.com The great thing about this card is that it has a free Credit Builder feature where you can begin to build credit just by paying your normal monthly bills like rent, utilities, etc. This card has also recently added on a bad credit loan feature. All the Best to You!

Posted by: Pengy on 2009-01-10, 15:12:53

Your delinquent account will remain there for 7 years, everytime you apply for credit you take a 5-10 point his thus reducing you ability to get credit, with 38 hits not good they remain there for 24 months. If they are closed an in collections if you do not get a pay to delete letter in writing they will remain there. Getting a credit card will not help your situation at all even getting one that is based on a deposit. sorry