xoookissthisooox asked:


I have bad credit and I am working to establish that credit. I’ve heard of the prepaid credit cards that report to the credit bureau, but some are $30 to start the account. I’m looking for the following:

- Reports to credit bureau, so that I can improve my credit.
- Low start up fee. (Under $10.00)
- Low monthly or annual fee (Under $10 p/month, $60 p/year)

If anyone knows, or has story about a good card, please respond. Thanks.
I appreciate the answers. I am looking for one that does not go through a bank. I don’t want to have to open a new bank account for it. I’m looking along the lines of a mastercard/visa/etc. Thanks.

ETHAN

Russell asked:


If you settle with a collection agency and they agree to remove the negative information from your credit report then will it be removed or can the credit reporting agency leave it their for the usual seven years? Does the right to remove the negative information come from the collection agency or the credit reporting agency?

SILAS

leanna asked:


What websites offer free credit reports? Can you get them for free once every year?

LAVERNE

Master Dog Trainer asked:


Hello. A couple of years I got suckered into accepting one of the scamming catalog companies offer of giving me an $11,500 purchase limit for a yearly fee of $99. Once I received the catalogs, of course the stuff is all VERY overpriced and I don’t need to stoop to that kind of buying. It shows on my credit report as an open acct in good standing and never used.

For you Credit Analysts out there…please answer my Q…

I will never use this credit. When creditors look at it, do they think it is GOOD that I have an account with such a high limit and no bal due, OR should I close the account so creditors don’t think I am high risk D/I or likely to over-extend myself if I choose to use it.
Any other opinions as to how its presence affects my credit score are greatly appreciated. I have about 10 real credit cards all in good standing, current credit score is about 580 (major malfunction on a mort. a couple of years ago, is current now).
Thank You in advance for helpful replies!

GORDON