Simple Credit Building Technique

It can be difficult to build credit once you have a negative credit history. Most banks won’t approve you for a loan, and creditors don’t want to give you a credit card because you are “high risk”.

One way to begin building your credit is by obtaining a secured credit card. Secured cards require a deposit, usually around $200-$300 to open. This deposit will act as your credit limit, and is a form of insurance for the bank, knowing that they at least have that amount of money in case you go delinquent on the account.

Once you have your secured card, you will need to keep your balance low to maximize the credit building power. Set your card to take auto payments from a debit account so that you will not have to think about it, and won’t risk any late payments, lowering your score even more. This tactic will build your profile in two ways: payment history, and balance to limit ratio.

This is one of many tactics that we can use to guide you to your Path To Credit Recovery. CreditServices.com is here to help motivated individuals put their bad credit in the past and get their purchasing power back!

Get motivated, set your goals, and take action!

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Each person’s credit situation is unique. Results may vary, and CreditServices.com makes no guarantee of any particular result. The information in this site is intended for general informational purposes only, and is not to be construed as legal, tax, accounting, or other professional advice.  As such, it should not be used as, or relied upon, as a substitute for seeking professional legal, tax, accounting, or other advice. All information in this site is provided “as-is”, with no guarantee of completeness, accuracy, timeliness, or other results obtained from its use. In no event is CreditServices.com, its Affiliates, or their agents or employees liable to you or anyone else for any decision made or action taken in reliance on the information in this site. “Affiliate” means any entity that directly or indirectly owns or controls, is owned or controlled by, or is under common ownership or common control of the party in question.

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