Thursday, January 05, 2006

do you know if the credit cards report to one of the three credit bureaus Equifax, Trans Union, Experian?

I have gotten rid of credit cards for a while now. Is it true that one way to build up scores slowly is to have a few secured cards, pay them off each month on a timely manner and show a good history . That way maybe for 6 months to a year your score points start to rise?
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Secured credit cards normally mean you have to buy from certain companies goods and the card company does not report to bureaus.
So do you know if the credit cards report to one of the three credit bureaus Equifax, Trans Union, Experian? If they do not .... No score help>
I do advocate paying a fee to get a reporting credit card company to open credit for people with bad credit.
"Rated Trade Lines" any credit reported to one of the big three bureaus for twevle months will upgrade your score if 1 you pay on time each month and you have the trade line open for 12 months plus. Six months are not enough to rate a trade line.
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Credit report and score options click here
Best credit card offers on the net.
ask Bo majors@oskie.com

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