Comments on: whats better a secured loan or a secured credit card for credit report? http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/ Sell your property quick Tue, 13 Jul 2010 18:08:58 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Rony http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/comment-page-1/#comment-7059 Rony Sat, 13 Mar 2010 13:03:35 +0000 http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/#comment-7059 paying on time, about credit cards, I found interesting information about your answer & credit card options here. luck! paying on time, about credit cards, I found interesting information about your answer & credit card options here. luck!

]]> By: Bryan G http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/comment-page-1/#comment-7058 Bryan G Thu, 11 Mar 2010 23:25:22 +0000 http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/#comment-7058 The credit reporting agencies dont know the difference between secured credit card and regular one just do whatever is easier for you pay on time. The credit reporting agencies dont know the difference between secured credit card and regular one just do whatever is easier for you pay on time.

]]> By: rlloydevans http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/comment-page-1/#comment-7057 rlloydevans Wed, 10 Mar 2010 14:13:02 +0000 http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/#comment-7057 The main thing is you have something in YOUR name, or both your name and your husband's, with a history of paying on time. Your Name+On time is the formula. Good luck The main thing is you have something in YOUR name, or both your name and your husband’s, with a history of paying on time. Your Name+On time is the formula.

Good luck

]]> By: crey r http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/comment-page-1/#comment-7056 crey r Wed, 10 Mar 2010 09:34:10 +0000 http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/#comment-7056 secureed loan paid in full raises your score more than anything secureed loan paid in full raises your score more than anything

]]> By: Tomk http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/comment-page-1/#comment-7055 Tomk Wed, 10 Mar 2010 02:07:24 +0000 http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/#comment-7055 Well, the type of credit isn't really the issue, it is that you have GOOD credit. That means, whatever you have, you are making regular payments and never paying late or missing payments. It also measures your credit as a percent of your income to figure your credit score. A secured credit card is NOT a good type of credit. Usually, people who have terrible credit or who have declared Chapter 7 bankruptcy can't get anything except a secured credit card. YOU pay the credit card company just to let you have the card and the interest rates are about as high as the law will allow....over 20% apr. and they usually charge you a processing fee to open the account and charge you a monthly use fee in addition to all the interest. These should be agains the law in my opinion. If you want to establish credit, then it is to your best interest to have a secured loan. Most secured loans are for automobiles or for real estate. Since the lender has a security interest in the asset, they are more likely NOT to get burned too badly if you stop paying. They just repossess the asset. Well, the type of credit isn’t really the issue, it is that you have GOOD credit. That means, whatever you have, you are making regular payments and never paying late or missing payments. It also measures your credit as a percent of your income to figure your credit score.

A secured credit card is NOT a good type of credit. Usually, people who have terrible credit or who have declared Chapter 7 bankruptcy can’t get anything except a secured credit card. YOU pay the credit card company just to let you have the card and the interest rates are about as high as the law will allow….over 20% apr. and they usually charge you a processing fee to open the account and charge you a monthly use fee in addition to all the interest. These should be agains the law in my opinion.

If you want to establish credit, then it is to your best interest to have a secured loan. Most secured loans are for automobiles or for real estate. Since the lender has a security interest in the asset, they are more likely NOT to get burned too badly if you stop paying. They just repossess the asset.

]]> By: justbeingher http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/comment-page-1/#comment-7054 justbeingher Sat, 06 Mar 2010 19:53:45 +0000 http://www.quickpropertysale.me.uk/secured-loan/whats-better-a-secured-loan-or-a-secured-credit-card-for-credit-report/#comment-7054 Loan. Only the person on the loan unless yo have a cosignor, in which case it goes on both. Loan. Only the person on the loan unless yo have a cosignor, in which case it goes on both.

]]>