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Nevr2low93

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How to improve credit score with secured credit card?

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Pick a secured card that reports to all three credit bureaus, look for one with a low annual fee. You can use it however you want, but just make sure that you use it at least once per month and that when it reports to the credit bureaus you show a balance of less than 10% of your credit limit. it's not the end of the world if you show more than 10% but it may ding your score (just for that month though, it would change the following reporting period if you changed the balance on the card by then. If you want to get in good with the lender to get an unsecured increase on your card or an unsecured card from them, you can use the card heavily and then pay it off right away, when you cycle a lot of money through they may feel more confidence in you to give you an increase or another card. If you are just worried about scoring purposes (which is really the only thing you should focus on at this point) is to let less than 10% of the credit line report at the statement date and then pay it off before the due date to avoid paying any interest.

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