I’d like to rebuild my credit. My score is about 500. I've been getting denied a lot. How can I build my credit?
Updated on March 18, 2013
Consider secured credit cards. They are created for people who are having problems with getting a credit card. You will have to pay a security deposit around $200. Your credit limit will be equal to this deposit. And if you want a higher credit limit, you can pay more. Since card has a security deposit you have more chances to get approved, and your credit behaviour will be reported to the credit bureaus. And if you pay on time and stay within limit, your will be able to improve your credit score.
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