Credit Repair Tips – Rebuilding your credit with secured credit cards
July 16th, 2010 by John Thomas
If you have bad credit or no credit at all then you need to start building some good credit by establishing an active tradeline. A tradeline is an item of credit that reports to the credit bureaus such as car loan, credit card, student loan, etc. The problem most people run into is that no one will give you credit with bad credit or no credit at all. The solution to the problem is obtaining what is called a secured credit card. The card is secured because you put up the money up front that will be used for your credit limit on the card. This is a must do item for any credit repair strategy.
So for example if you want to apply for a secured credit card with a $300 limit then you will need to send in $300 to active the card. The credit card is secured against you not paying by sending the money upfront to the creditor as collateral.
Most secured credit cards charge you an upfront application fee in addition to the secured fee. They also will charge you a monthly service fee. I have found one that doesn’t charge the monthly service fee and only has a one time setup fee of $75. and best of all, almost anyone will be approved for the card. So start building your credit today and apply below by clicking the picture.
First Progress Secured Platinum MasterCard® credit card
John R. Thomas – Certified Mortgage Planner – Primary Residential Mortgage, Inc.
248 E Chestnut Hill Rd, Newark, DE 19713
302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office
Leave a Reply
You must be logged in to post a comment.




I am a Delaware native who has been actively involved in the Mortgage and Finance industries for over 10 years. Call me at 302-703-0727