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What helps to improve my credit score more loan or credit card ?

Q:
I have poor credit, I paid over 2,000 dollars to pay off my debts that were in collections. My credit score however has stayed the same. Would it be better to get a co signer for a loan, or a secured credit card (been denied for a unsecured card)

A:
Hi Andri,
This is a great question….. When rebuilding credit we always recommend getting a few Secured Credit Cards. This way you are establishing credit on your own, instead of piggybacking someone else s credit primarily. There is nothing wrong with having a co-signer along with some secured credit cards though. Go here to select a couple of good secured credit cards to get started.

CreditScoreQuick.com

This entry was posted on Friday, July 10th, 2009 at 9:34 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.



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Disclaimer: This information has been compiled and provided by CreditScoreQuick.com as an informational service to the public. While our goal is to provide information that will help consumers to manage their credit and debt, this information should not be considered legal advice. Such advice must be specific to the various circumstances of each person's situation, and the general information provided on these pages should not be used as a substitute for the advice of competent legal counsel.