Secured Credit Cards? I want to start building my credit. I've heard of the Citi
Thanks in finance!
You can truly build a solid credit history without the use of debt. If you are currently paying chronic monthly bills like rent, utilities, cable, Internet, insurance, and cell phone you can create an article at PRBC.com. PRBC is an alternate credit bureau that allows you to build a profile of all your bills. When you are in place you can order a confirmation ($15-$20 per account) where your payoff history is verified. Your good clearance history can then be used to build a PRBC credit report, which you can request lenders look at as a sign you pay cheque your bills on time.
If you are going to use debt afterwards I would suggest you start out with one secured credit card. After you enjoy proven you can successfully pay that in good time you *might* upgrade to another one. Obtaining a high FICO gain typically isn't a quick piece. Consistent, on-time payments over time, along with low debt utilization (using no more than 20% of your available credit limits) will build your FICO evaluation the fastest.
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