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Add Good Credit to your Reports:
New unsecured and secured credit can improve your credit scores
by Lisa Phillips
updated December 2009
New unsecured and secured credit can improve your credit scores
by Lisa Phillips
updated December 2009
You can improve your credit scores by adding positive credit to your reports. There is nothing
worse than having nothing but negative credit on your reports. Consumers with bad credit often
only concentrate on removing negative information while attempting to rebuild their credit.
worse than having nothing but negative credit on your reports. Consumers with bad credit often
only concentrate on removing negative information while attempting to rebuild their credit.
Get Unsecured Credit Cards for Rebuilding Credit
Since 2008, our economy has experienced a tightening of credit. Lenders and banks have
changed the qualifications for credit and it has become much more difficult to qualify for credit.
A good credit score is now considered to be 700 and above. For consumers who have less
than perfect credit, establishing a good payment history while using 30% or less of your
available credit limit will improve credit scores.
Orchard Bank® Classic MasterCards
If you're looking for a card with built in benefits you can use on a daily basis and that provides
you with the opportunity to build or rebuild credit, you may be interested in the
Orchard Bank® Classic MasterCards.*
Since 2008, our economy has experienced a tightening of credit. Lenders and banks have
changed the qualifications for credit and it has become much more difficult to qualify for credit.
A good credit score is now considered to be 700 and above. For consumers who have less
than perfect credit, establishing a good payment history while using 30% or less of your
available credit limit will improve credit scores.
Orchard Bank® Classic MasterCards
If you're looking for a card with built in benefits you can use on a daily basis and that provides
you with the opportunity to build or rebuild credit, you may be interested in the
Orchard Bank® Classic MasterCards.*
Orchard Bank® Visa® Card
The Orchard Bank® Visa® Card can help you get your credit back on track. They report monthly
to all three major credit bureaus giving you the opportunity to rebuild your credit with good
payment behavior! You'll also enjoy acceptance at millions of locations including website
purchases and reservations;account information updated and at your fingertips 24/7; email and
text messages to remind you of your upcoming payment due date with online enrollment. Get
pre-qualified in less than 1 minute!*
Get Secured Credit Cards for Rebuilding Credit
Consumers who may not be approved for an unsecured credit card still have an excellent
alternative in the form of secured credit cards. Secured credit cards offer many of the same
benefits as unsecured credit cards. Additionally, you determine your own credit limit with the
savings deposit used to secure your credit card.
The rules of having a secured credit are the same when it comes to credit scores. Your credit
card balance should always be kept to 30% or less of your available credit limit. This is very
important to raise and maintain your credit scores. Never use all of your available credit. Another
important action to take with a secured credit card is to make sure your payment history is
reported to all major credit bureaus.
Credit Cards for Bad Credit or No Credit
Whether you have good credit, bad credit or no credit, First Option Visa® Secured credit card is
an ideal credit card for anyone to have. A Public Savings Bank Secured Black Card will help you
establish good credit with 0% APR for 6 months and no annual fee! No requirements for credit,
income or employment. *Terms and Conditions Apply
With the Platinum Zero(TM) Secured Visa® Credit Card from Applied Bank® you will get a
genuine Secured Visa Platinum Credit Card with 0% APR on Purchases. Consumers are required
to open an FDIC Insured Deposit Account that will equal their Credit Limit. Deposits can range
from $500 to $5,000.
The Next Millennium Black MasterCard® offers no credit check, you are approved regardless of
credit history, a secured credit limit of up to $5000.00, cash advance at over 740,000 ATMs and
acceptance wherever MasterCard® is accepted.
New Credit Should be Reported to Major Credit Bureaus
The way your credit card is reported is also important. The ideal scenario is to have the credit
card issuer report the account the same way as a non-secured credit card. Basically you do not
want a notation on your reports that the credit card is secured. The credit bureaus may ding your
score if it sees "secured" credit on your credit reports.
*It is our goal to offer you the credit card that best fits your credit profile, which may or may not be the card you originally inquired
about. You may be offered a secured card or an unsecured card, and with different terms and conditions which will be disclosed
before your application is processed.
The Orchard Bank® Visa® Card can help you get your credit back on track. They report monthly
to all three major credit bureaus giving you the opportunity to rebuild your credit with good
payment behavior! You'll also enjoy acceptance at millions of locations including website
purchases and reservations;account information updated and at your fingertips 24/7; email and
text messages to remind you of your upcoming payment due date with online enrollment. Get
pre-qualified in less than 1 minute!*
Get Secured Credit Cards for Rebuilding Credit
Consumers who may not be approved for an unsecured credit card still have an excellent
alternative in the form of secured credit cards. Secured credit cards offer many of the same
benefits as unsecured credit cards. Additionally, you determine your own credit limit with the
savings deposit used to secure your credit card.
The rules of having a secured credit are the same when it comes to credit scores. Your credit
card balance should always be kept to 30% or less of your available credit limit. This is very
important to raise and maintain your credit scores. Never use all of your available credit. Another
important action to take with a secured credit card is to make sure your payment history is
reported to all major credit bureaus.
Credit Cards for Bad Credit or No Credit
Whether you have good credit, bad credit or no credit, First Option Visa® Secured credit card is
an ideal credit card for anyone to have. A Public Savings Bank Secured Black Card will help you
establish good credit with 0% APR for 6 months and no annual fee! No requirements for credit,
income or employment. *Terms and Conditions Apply
With the Platinum Zero(TM) Secured Visa® Credit Card from Applied Bank® you will get a
genuine Secured Visa Platinum Credit Card with 0% APR on Purchases. Consumers are required
to open an FDIC Insured Deposit Account that will equal their Credit Limit. Deposits can range
from $500 to $5,000.
The Next Millennium Black MasterCard® offers no credit check, you are approved regardless of
credit history, a secured credit limit of up to $5000.00, cash advance at over 740,000 ATMs and
acceptance wherever MasterCard® is accepted.
New Credit Should be Reported to Major Credit Bureaus
The way your credit card is reported is also important. The ideal scenario is to have the credit
card issuer report the account the same way as a non-secured credit card. Basically you do not
want a notation on your reports that the credit card is secured. The credit bureaus may ding your
score if it sees "secured" credit on your credit reports.
*It is our goal to offer you the credit card that best fits your credit profile, which may or may not be the card you originally inquired
about. You may be offered a secured card or an unsecured card, and with different terms and conditions which will be disclosed
before your application is processed.
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Adding positive credit is a major part of
improving credit scores as long as
balances on the new credit you add is
kept to less than 30% of your available
credit. Using more than 30% of your
available credit may trigger credit card
companies, banks and lenders to place
you in a high risk category. Below are
several ways to add good credit:
improving credit scores as long as
balances on the new credit you add is
kept to less than 30% of your available
credit. Using more than 30% of your
available credit may trigger credit card
companies, banks and lenders to place
you in a high risk category. Below are
several ways to add good credit:
