YOUR GOAL IS TO GET AT LEAST 1 secured
AND 1 unSECURED CREDIT CARD REPORTING
ON YOUR PERSONAL CREDIT REPORTs.
PLEASE SCROLL TO APPLY FOR funding ACCOUNTS AND DON’T PROCEED TO THE NEXT STEP UNTIL THE ACCOUNTS ARE REPORTING.
You currently Should have any NEGATIVE or delinquent ITEMS on Your credit reports removed or in final rounds of dispute and have successfully completed the personal credit repair course for best results.
The Most Effective Tool for repairing Bad Credit is to add More Positive than negative accounts.
Remember to use your correct Personal information when applying, as all information should match your Public records perfectly with all Bureaus.
When you make a purchase, Remember to stay under your target utilization.
Never Exceed more than 30% of overall Credit but for best results stay under 5 - 10%
To ensure that your accounts report positive make your payment on the statement due date rather than just the due date (Contact your institution for clarification)
On average it takes 30-60 days for your accounts to report and to complete this step.
​Use Tools Like Rental Karma & Rent Reporters.COM to get your monthly rent/mortgage Reporting, they report to all Bureaus and Can Backdate your payments up to 24 Months Giving you 2 Years of Perfect Payment History!
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SELF LENDER
HIGHLIGHTS
-No Upfront Deposit or Credit Check
Recommended Credit
300 - 850 (Poor - Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
SECURED LINE OF CREDIT
This hybrid financial product begins as a credit-builder loan, with fixed monthly payments required into Self's certificate of deposit (CD) savings account. You could graduate to a secured credit card without having to make an additional upfront security deposit if you make three on-time payments, have at least $100 in savings, and keep your account in good standing. (The savings in the CD serve as your credit line).
The combination of a credit-builder loan and a secured credit card could improve your "credit mix" and, as a result, your credit score.
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CHIME CREDIT BUILDER
HIGHLIGHTS
-No Credit Check
Recommended Credit
300 - 669 (Poor - Fair)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
SECURED CREDIT CARD
The Chime Credit Builder Visa Credit Card has no minimum deposit requirement, no annual fee or interest, and no credit check is required. You can also automate your payments so you're never late. However, you must be a Chime banking customer to obtain it.
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MISSION LANE VISA
​
HIGHLIGHTS
-No Deposit Alternative
Recommended Credit
300 - 689 (Poor - Fair)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
UNSECURED CREDIT CARD
Although there is usually an annual fee, the Mission Lane Visa® Credit Card could be a good option for someone who is building or rebuilding credit and does not want to tie up money in a security deposit. Not everyone will qualify, but the issuer will tell you if you do before you apply.
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Capital One
Quicksilver Secured
HIGHLIGHTS
-Rewards & Upgrades
Recommended Credit
300 - 629 (Poor)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
SECURED CREDIT CARD
The Capital One Quicksilver Secured Cash Rewards Credit Card has no annual fee and offers solid rewards, as well as several other features that are ideal for those with bad credit (FICO scores of 629 or lower).
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Capital One
Platinum Secured
HIGHLIGHTS
-Low Security Deposit
Recommended Credit
300 - 629 (Poor)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
SECURED CREDIT CARD
If your credit has been damaged but not destroyed, the Capital One Platinum Secured Credit Card is a great place to begin rebuilding it.
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OpenSky
Secured Visa
HIGHLIGHTS
-No Credit Check & Low Deposit
Recommended Credit
300 - 689 (Poor - Fair)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
SECURED CREDIT CARD
The OpenSky® Secured Visa® Credit Card is an excellent choice for those who are attempting to build or rebuild credit, as well as those who do not have access to traditional banking services.
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Navy Federal
nRewards Secured
HIGHLIGHTS
-No Credit Check & Rewards
Recommended Credit
300 - 689 (Poor - Fair)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
SECURED CREDIT CARD
If you can stomach the membership and security deposit requirements, the no-annual-fee card earns rewards, provides an upgrade path, and even includes some perks.
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KICKOFF
CREDIT BUILDER
HIGHLIGHTS
-No Credit Check
Recommended Credit
300 - 850 (Poor - Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
SECURED INSTALLMENT LOAN
Kikoff's current product is a revolving credit line with no credit check that can be used to purchase items from their store. They allow you to pay for your purchases in installments with no interest or fees, and then report your activity to credit bureaus in order to improve your credit score.
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credit strong
HIGHLIGHTS
-No Credit Check + High Credit Limit
Recommended Credit
300 - 850 (Poor - Excellent)
REPORTS TO:
-
ALL BUREAUS
TERMS:
-
SECURED INSTALLMENT LOAN
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CreditStrong helps people establish credit by offering installment loans and revolving credit lines. Instead of immediately giving you the money, it has been deposited into a savings account. Then you begin making monthly payments.
The loan and the savings account both charge interest, which helps to reduce your overall cost. Customers can improve their credit score by making a series of loan payments. CreditStrong will also notify the customer's payments to all three credit bureaus.
