credit-card-tips/i-was-denied-a-secured-credit-card-what-do-i-do

Credit Card Offers Made Easy

Your Step by Step Credit Card Guide

I Was Denied a Secured Credit Card. What Do I Do?

Written by Oliver Laker on August 1, 2013.

If youve been denied for a secured credit card, dont give up hope yet there are still opportunities for you to rehabilitate your bad credit and get a loan. Well walk through the various alternatives to secured credit cards that will still build your credit.

First step: Why were you denied for a secured card?

Remember: If you get denied credit, you have a right to know exactly why. Is it because you recently declared bankruptcy? Do you have a history of missed payments? Contact the lender to see why you got denied, and make sure it wasnt an error on your credit report. According to an FTC survey, 25% of credit reports contain serious errors.

Next, consider your current bank or a credit union

If you already have a relationship with a bank (such as a checking account) you might find it easier to qualify for a secured credit card. Rather than applying for a secured card from a new bank, go into your current banks branch in person (if possible) and try for a secured offer there. Alternatively, check out your local credit union. Credit unions are not-for-profit and tend to have more affordable products; community development credit unions in particular are great for helping you rebuild credit.

If you still cant get a secured card

  • Extend a line of credit
  • Report to credit bureaus

Secured share loans from credit unions. These are basically like secured credit cards. You deposit your money into a savings account, then borrow against that money. Since its no risk to the lender, you get a low interest rate, but it still helps build credit. Here are a few options:

Credit builder loans from credit unions. These loans are meant for people looking to build up their credit, and usually range from $200-$1,000. Check your local credit union to see whats offered.

No credit check secured cards. This can be an expensive option if you want a secured credit card. The OpenSky Secured has no credit check, but still reports to the major credit bureaus. It has a $29 annual fee, and its interest rate is pretty high at 17.50%, so try not to carry a balance. This can be a decent if youve previously been denied a secured card, but have the money to post the security deposit.

Even though youve been denied for a secured credit card, dont give up hope just yet. You can still build up your credit and get on the path to financial fitness.

Similar Posts:

Share

Post Comment

  • Home
  • Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

  • Credit Zone
  • Credit Card News
  • Credit Cards Advisor
  • Credit Card Tips
  • Subscribe via RSS

    I Was Denied a Secured Credit Card. What Do I Do?

    Written by Oliver Laker on August 1, 2013.

    If youve been denied for a secured credit card, dont give up hope yet there are still opportunities for you to rehabilitate your bad credit and get a loan. Well walk through the various alternatives to secured credit cards that will still build your credit.

    First step: Why were you denied for a secured card?

    Remember: If you get denied credit, you have a right to know exactly why. Is it because you recently declared bankruptcy? Do you have a history of missed payments? Contact the lender to see why you got denied, and make sure it wasnt an error on your credit report. According to an FTC survey, 25% of credit reports contain serious errors.

    Next, consider your current bank or a credit union

    If you already have a relationship with a bank (such as a checking account) you might find it easier to qualify for a secured credit card. Rather than applying for a secured card from a new bank, go into your current banks branch in person (if possible) and try for a secured offer there. Alternatively, check out your local credit union. Credit unions are not-for-profit and tend to have more affordable products; community development credit unions in particular are great for helping you rebuild credit.

    If you still cant get a secured card

    • Extend a line of credit
    • Report to credit bureaus

    Secured share loans from credit unions. These are basically like secured credit cards. You deposit your money into a savings account, then borrow against that money. Since its no risk to the lender, you get a low interest rate, but it still helps build credit. Here are a few options:

    Credit builder loans from credit unions. These loans are meant for people looking to build up their credit, and usually range from $200-$1,000. Check your local credit union to see whats offered.

    No credit check secured cards. This can be an expensive option if you want a secured credit card. The OpenSky Secured has no credit check, but still reports to the major credit bureaus. It has a $29 annual fee, and its interest rate is pretty high at 17.50%, so try not to carry a balance. This can be a decent if youve previously been denied a secured card, but have the money to post the security deposit.

    Even though youve been denied for a secured credit card, dont give up hope just yet. You can still build up your credit and get on the path to financial fitness.

    Similar Posts:

    Share

    Post Comment

    I Was Denied a Secured Credit Card. What Do I Do?

    Written by Oliver Laker on August 1, 2013.

    If youve been denied for a secured credit card, dont give up hope yet there are still opportunities for you to rehabilitate your bad credit and get a loan. Well walk through the various alternatives to secured credit cards that will still build your credit.

    First step: Why were you denied for a secured card?

    Remember: If you get denied credit, you have a right to know exactly why. Is it because you recently declared bankruptcy? Do you have a history of missed payments? Contact the lender to see why you got denied, and make sure it wasnt an error on your credit report. According to an FTC survey, 25% of credit reports contain serious errors.

    Next, consider your current bank or a credit union

    If you already have a relationship with a bank (such as a checking account) you might find it easier to qualify for a secured credit card. Rather than applying for a secured card from a new bank, go into your current banks branch in person (if possible) and try for a secured offer there. Alternatively, check out your local credit union. Credit unions are not-for-profit and tend to have more affordable products; community development credit unions in particular are great for helping you rebuild credit.

    If you still cant get a secured card

    • Extend a line of credit
    • Report to credit bureaus

    Secured share loans from credit unions. These are basically like secured credit cards. You deposit your money into a savings account, then borrow against that money. Since its no risk to the lender, you get a low interest rate, but it still helps build credit. Here are a few options:

    Credit builder loans from credit unions. These loans are meant for people looking to build up their credit, and usually range from $200-$1,000. Check your local credit union to see whats offered.

    No credit check secured cards. This can be an expensive option if you want a secured credit card. The OpenSky Secured has no credit check, but still reports to the major credit bureaus. It has a $29 annual fee, and its interest rate is pretty high at 17.50%, so try not to carry a balance. This can be a decent if youve previously been denied a secured card, but have the money to post the security deposit.

    Even though youve been denied for a secured credit card, dont give up hope just yet. You can still build up your credit and get on the path to financial fitness.

    Similar Posts:

    Share

    Post Comment

    I Was Denied a Secured Credit Card. What Do I Do?

    Written by Oliver Laker on August 1, 2013.

    If youve been denied for a secured credit card, dont give up hope yet there are still opportunities for you to rehabilitate your bad credit and get a loan. Well walk through the various alternatives to secured credit cards that will still build your credit.

    First step: Why were you denied for a secured card?

    Remember: If you get denied credit, you have a right to know exactly why. Is it because you recently declared bankruptcy? Do you have a history of missed payments? Contact the lender to see why you got denied, and make sure it wasnt an error on your credit report. According to an FTC survey, 25% of credit reports contain serious errors.

    Next, consider your current bank or a credit union

    If you already have a relationship with a bank (such as a checking account) you might find it easier to qualify for a secured credit card. Rather than applying for a secured card from a new bank, go into your current banks branch in person (if possible) and try for a secured offer there. Alternatively, check out your local credit union. Credit unions are not-for-profit and tend to have more affordable products; community development credit unions in particular are great for helping you rebuild credit.

    If you still cant get a secured card

    • Extend a line of credit
    • Report to credit bureaus

    Secured share loans from credit unions. These are basically like secured credit cards. You deposit your money into a savings account, then borrow against that money. Since its no risk to the lender, you get a low interest rate, but it still helps build credit. Here are a few options:

    Credit builder loans from credit unions. These loans are meant for people looking to build up their credit, and usually range from $200-$1,000. Check your local credit union to see whats offered.

    No credit check secured cards. This can be an expensive option if you want a secured credit card. The OpenSky Secured has no credit check, but still reports to the major credit bureaus. It has a $29 annual fee, and its interest rate is pretty high at 17.50%, so try not to carry a balance. This can be a decent if youve previously been denied a secured card, but have the money to post the security deposit.

    Even though youve been denied for a secured credit card, dont give up hope just yet. You can still build up your credit and get on the path to financial fitness.

    Similar Posts:

    Share

    Post Comment

    I Was Denied a Secured Credit Card. What Do I Do?

    Written by Oliver Laker on August 1, 2013.

    I Was Denied a Secured Credit Card. What Do I Do?

    Written by Oliver Laker on August 1, 2013.

    If youve been denied for a secured credit card, dont give up hope yet there are still opportunities for you to rehabilitate your bad credit and get a loan. Well walk through the various alternatives to secured credit cards that will still build your credit.

    First step: Why were you denied for a secured card?

    Remember: If you get denied credit, you have a right to know exactly why. Is it because you recently declared bankruptcy? Do you have a history of missed payments? Contact the lender to see why you got denied, and make sure it wasnt an error on your credit report. According to an FTC survey, 25% of credit reports contain serious errors.

    Next, consider your current bank or a credit union

    If you already have a relationship with a bank (such as a checking account) you might find it easier to qualify for a secured credit card. Rather than applying for a secured card from a new bank, go into your current banks branch in person (if possible) and try for a secured offer there. Alternatively, check out your local credit union. Credit unions are not-for-profit and tend to have more affordable products; community development credit unions in particular are great for helping you rebuild credit.

    If you still cant get a secured card

    • Extend a line of credit
    • Report to credit bureaus

    Secured share loans from credit unions. These are basically like secured credit cards. You deposit your money into a savings account, then borrow against that money. Since its no risk to the lender, you get a low interest rate, but it still helps build credit. Here are a few options:

    Credit builder loans from credit unions. These loans are meant for people looking to build up their credit, and usually range from $200-$1,000. Check your local credit union to see whats offered.

    No credit check secured cards. This can be an expensive option if you want a secured credit card. The OpenSky Secured has no credit check, but still reports to the major credit bureaus. It has a $29 annual fee, and its interest rate is pretty high at 17.50%, so try not to carry a balance. This can be a decent if youve previously been denied a secured card, but have the money to post the security deposit.

    Even though youve been denied for a secured credit card, dont give up hope just yet. You can still build up your credit and get on the path to financial fitness.

    Similar Posts:

    Share

    If youve been denied for a secured credit card, dont give up hope yet there are still opportunities for you to rehabilitate your bad credit and get a loan. Well walk through the various alternatives to secured credit cards that will still build your credit.

    First step: Why were you denied for a secured card?

    Remember: If you get denied credit, you have a right to know exactly why. Is it because you recently declared bankruptcy? Do you have a history of missed payments? Contact the lender to see why you got denied, and make sure it wasnt an error on your credit report. According to an FTC survey, 25% of credit reports contain serious errors.

    Next, consider your current bank or a credit union

    If you already have a relationship with a bank (such as a checking account) you might find it easier to qualify for a secured credit card. Rather than applying for a secured card from a new bank, go into your current banks branch in person (if possible) and try for a secured offer there. Alternatively, check out your local credit union. Credit unions are not-for-profit and tend to have more affordable products; community development credit unions in particular are great for helping you rebuild credit.

    If you still cant get a secured card

  • Extend a line of credit
  • Report to credit bureaus
  • Secured share loans from credit unions. These are basically like secured credit cards. You deposit your money into a savings account, then borrow against that money. Since its no risk to the lender, you get a low interest rate, but it still helps build credit. Here are a few options:

    Credit builder loans from credit unions. These loans are meant for people looking to build up their credit, and usually range from $200-$1,000. Check your local credit union to see whats offered.

    No credit check secured cards. This can be an expensive option if you want a secured credit card. The OpenSky Secured has no credit check, but still reports to the major credit bureaus. It has a $29 annual fee, and its interest rate is pretty high at 17.50%, so try not to carry a balance. This can be a decent if youve previously been denied a secured card, but have the money to post the security deposit.

    Even though youve been denied for a secured credit card, dont give up hope just yet. You can still build up your credit and get on the path to financial fitness.

    Similar Posts:

  • I Receive Welfare. Can I Still Get a Credit Card?
  • Savings Rate Index – January 2013
  • Interest Rates in Every State: Best Interest Rates in Georgia
  • CD Rates Deal of the Day: SkyOne Federal Credit Union at 0.79% APY
  • Bad Credit Personal Loans and You
  • Share
    Share
    Share

    Tagged as: Card, Credit Card, Secured Credit, Secured Credit Card

    Post Comment

    Post Comment

    Post Comment

    Similar Posts

  • I Receive Welfare. Can I Still Get a Credit Card?
  • Savings Rate Index – January 2013
  • Interest Rates in Every State: Best Interest Rates in Georgia
  • CD Rates Deal of the Day: SkyOne Federal Credit Union at 0.79% APY
  • Bad Credit Personal Loans and You
  • How to Avoid Bad Credit Credit Card Scams
  • In Search for Unsecured Bad Credit Credit Cards
  • Archives

  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • Popular Posts

  • CompareCards.com $2,500 Holiday Cash Giveaway!
  • Best credit card providers named as AMEX and M&S
  • Don’t Leave Your Wallet in an Unlocked Car
  • Citi Secured Credit Card Review
  • Are Credit Cards For Minors a Bad Idea?
  • Catholic Syrian Bank launches support line
  • What is the Discover card’s grace period?
  • Why You Shouldn’t Co-Sign
  • Tag cloud

    © All Rights Reserved. Credit Card Offers Made Easy

    Leave a Reply

    Your email address will not be published. Required fields are marked *