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cj595

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Wiil opening a secured credit card increase my credit score?

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if you do not have any cards open now, yes... Depending on your credit profile it could help build your credit pretty fast.  If you have a lot of baddies on your profile it will build it up slowly but nevertheless it will build.

Would need a lot more infor about your profile in order to give a more detailed response.

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If you do not currently have any credit cards you will get a nice boost on your FICO scores for opening a card, you will also get a decent boost for opening a second card. As for the scores that you get on here or from any other non-fico calculator I cannot say, but FICO are the scores that you should be concerned with as most lenders use a version of FICO in their lending decisions.

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