Restablish credit with credit card offer

iVillage Member
Registered: 04-04-2003
Restablish credit with credit card offer
Tue, 08-28-2007 - 3:43pm

OK - I have horrible credit due to various financial setbacks - most of which are from many, many years ago. I've tried to get a credit card just to get my credit report moving back in the right direction, however, I'm declined by the reputable credit card companies.

I'm tempted to open one of these pre-approved credit card offers where you pay a high annual memebership fee & $6.00 monthly service fee just to begin prooving my credit worthiness again.

Would this be a horrible mistake? Anybody know anything about these credit companies & their offers?

iVillage Member
Registered: 03-17-2003
Tue, 08-28-2007 - 3:47pm
If you do sign up for one of those secured cards, first get it in writing they report the account to all three credit bureaus.
iVillage Member
Registered: 09-15-2005
Tue, 09-04-2007 - 4:51pm

If you can handle two more queries on your report, I'd try Providian and/or Orchard Bank. But if you do, try to get them w/o any annual fees.

If that doesn't work, I know US Bank offers a secured card, they report to all three agencies, and after two years (or was