What are the best surces for unsecured credit cards or loans?

Any websites you’d suggest? Thanks.

That’s what I’ve found

Posted on January 17th, 2010 by admin and filed under unsecured credit cards | 3 Comments »

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Posted on January 16th, 2010 by admin and filed under unsecured credit cards | No Comments »

Are there any unsecured credit cards for rebuilding credit?

I am trying to rebuild my credit, I made some poor choices when I was younger and would like to work on improving my credit score.

Sure, try Orchard Bank, First Premier and H.S.B.C. they are all pretty good about giving cards to people with damaged credit.

The fees and interest rates are high but if you pay them off in full every month they will help raise your score quickly.

I know I used them after my bankruptcy back in 2001.

Posted on January 3rd, 2010 by admin and filed under unsecured credit cards | 5 Comments »

Credit Counseling & Debt Management : What Is an Unsecured Credit Card?

An unsecured credit card is a credit card that has no security behind it, meaning that it is not tied to any collateral. Get an unsecured credit card by having good credit with insight from a financial service specialist in this free video on credit counseling.

Expert: William Rae
Contact: www.hbwfl.com

Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years.
Filmmaker: Christopher Rokosz

Duration : 0:1:21

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Posted on December 31st, 2009 by admin and filed under unsecured credit cards | No Comments »

can creditors collect on unsecured credit cards in south carolina?

If I can’t afford to pay my credit card debt and they will not work with me payment wise what can they do?

They, their agents, or a debt collector they sell the debt to can dun you often through repeated telephone calls and correspondence. Ultimately they can file a complaint against you in civil court. If they win the case, they can garnish your wages and/or seize money form your bank accounts and/or place liens on property that you own. RJ

Posted on December 29th, 2009 by admin and filed under unsecured credit cards | 6 Comments »

CREDIT REPAIR – info from the Credit Secrets Bible

(775) 321-9709 for 24hr Recorded Message…

CREDIT REPAIR: info from the credit secrets bible

Rebuild Credit: Insider Credit Repair Techniques to Improve Credit Score Fast!

What’s the fastest way to raise your credit score? To quote the classic magazine salesman from the movie Office Space “That all depends”…

While the removal of negative items from your credit report will almost always result in an increase in your credit score, there is a method that works better.

Here’s why. Adding positive accounts is actually more effective at improving your credit score (in the short term) than removing negative one. Unfortunately, few consumers or credit repair companies know this.

One of the biggest problems with trying to get approved for new credit is that you need to “have” credit in order to be approved. This causes a sort of catch 22.

How does one “get” credit if no one will give them credit because they don’t have any credit to begin with? A vicious cycle indeed, but a real one. However, if you have someone you can use a cosigner this is NOT a problem. Simply have them cosign on the new credit application for you. If you don’t have a cosigner, read on.

Contrary to popular belief (or what myfico and credit repair companies would like you to believe), the largest factor in building a solid foundation for your credit score comes down to two credit scoring factors:

1.) The “High Credit Limit”

and

2.) Your “Debt to Credit” Ratio

Your high credit limit is simply the total amount of primary unsecured revolving credit lines you have (i.e. three credit cards at $5,000 each equals a high credit limit of $15,000).

Get it? Good.

Your debt to credit ratio is simply the amount owed on these cards in relation to your high credit limit (i.e. if your high credit limit was $15,000 and you owed $7500 your debt to credit ratio would be %50).

Keep in mind, your high credit limit is comprise ONLY of your total amount of unsecured revolving lines of credit. Home mortgages, auto loans, student loans, equipment leases and debit cards do NOT count towards your high credit limit.

A debt to credit ratio of 25% or less is ideal. Of course, there are many other factors which come into play, but keeping it simple, how does one improve credit score via increasing their high credit limit and lowering their debt to credit ratio?

That is the question….

The fastest way we have found is by adding primary user unsecured revolving lines of credit which are guaranteed approval (note: these are NOT authorized user accounts!).
These are unsecured lines of credit which appear on your report just like a visa card, mastercard or department store card etc.

We have found that while unsecured credit is the most difficult to obtain, it has proven to be the highest scoring on ones credit report. To find out the fastest we’ve found to add primary unsecured revolving lines of credit to your credit report, please visit:

http://www.CSBCards.com

By opting in you’re receive more free valuable videos, reports and education on improving and maintaining your credit as well as information about our products and services. Your attention and support is appreciated.

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Posted on December 26th, 2009 by admin and filed under unsecured credit cards | 15 Comments »

Why is a car repossession so much worse than regular unsecured credit cards debt and charge-off?

when the car is actually a secured loan.
what is the logic behind it that’s so much worse than regular debt unpaid?

if someone’s credit is already shot, say 600, how much damage can repo do?

it’s way worse because the debt amount is usually much more. could be in the 10s of thousands. also, a collection agency is not likely to charge off an amount this high. they will take you to court and get a judgement against you…resulting in possible liens, asset freeze, or wage garnishment. a repo could knock off a lot more points. don’t think that 600 is the basement. it could get much worse.

Posted on December 25th, 2009 by admin and filed under unsecured credit cards | 1 Comment »

Unsecured Credit Cards and Loans, how safe are they?

I’m in a really tight financial bind, and I was reading on the web today about "unsecured credit cards and personal loans". I was wondering how safe they are, and if anyone has tried them what to expect…

It depends a lot on the company. Here are some that either I or a friend has used:

http://creditfederal.com/
http://www.usccreditunion.org/loans/unsecured.html
http://www.mypaydayloan.com/payday-loans/unsecured-payday-loan.asp

Posted on December 17th, 2009 by admin and filed under unsecured credit cards | 4 Comments »

Do I stay current on my home mortgage or unsecured credit cards?

I recently got laid off from a second job. I used this to keep current on my unsecured debt(Over 50k) we had a rough couple of years with medical and household expenditures. Between my wife and I through our primary jobs we can keep current on our home loan and keep the household budget going along. I just won’t be able to make all the current payments on my debt. I guess my question is since the cards are unsecured should I concentrate on keeping my home loan current at the expense of my FICO scores?

No brainer. Keep paying on the secured debt and forget the rest…for now. Secured debt would include anything that the creditors can come and take back if you stop paying; your HOME, your CAR(s).

Now might be a good time to speak with an attorney for a free consultation. I got in the same situation and fought with it for several years before I finally had to file a chapter 13 bankruptcy.

Since then, we have had a much easier time getting by, and our credit was shot by then anyhow since I also couldn’t pay the credit cards regularly.

I’m not saying that’s the only way out, but the first consultation is free (you just have to swallow your pride) and they will let you know if you qualify for bankruptcy or if you would be better off trying some debt consolidation, etc.

Call and make an appointment and ask them what you need to bring with you. At least after the appointment, you’ll be able to put everything in perspective.

Posted on November 24th, 2009 by admin and filed under unsecured credit cards | 5 Comments »

Showell Blades Bankruptcy Seminar

South Carolina Bankruptcy Attorney Showell Blades leads a 90-minute seminar on Chapter 7, Chapter 11, and Chapter 13 bankruptcy trends and procedures.

Duration : 1:33:36

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Posted on November 4th, 2009 by admin and filed under unsecured credit cards | 7 Comments »