Hello everyone thanks for the answer to my inquiry question. I have another one. My brother and I were having a conversatio about secured credit cards.


Can I get some secured credit cards that you know of that are not flagged as secured on credit reports?

I heard that BOA and WellsFargo does report as secured. But does that hurt especially sense these are reputable banks are does it matter? Is reporting as secured damaging from all banks.

He applied with New Millenium and Applied and was approved of course but I was just checking. I may want to as well. I was checking on them and just wanted to find out more information from everyone on here. Thanks....

BOA does report as secured, but as far as your Fico score goes, it is inconsequential (it does not matter). Even in a manual review, you will still be able to increase your scores. New Millenium or Applied may not even give you a CLI after you turn secured, but BOA will. (2k secured to 4k unsecured....yeah boooyyeeee). That was after 9 MONTHS too with proper payment history (YMMV, though if you get late or get cute with just minimum payments, they may take the full 12 months).

BTW, stay away from New Millenium. From what I had read, they are the worst secured card company out there.

Bottom line, take it from someone practically in the 700 club...cards reporting as secured on your reports WILL NOT LOWER YOUR SCORE...only HELP YOUR SCORE.

na wishing i would have waited to start re-building till after this law takes affect, would have saved me a lot of fees. oh well, i am well on my way to rebuilding now.

Oh by the way I did apply for BOA secured card as well as WellsFargo and CITI before any other card and was denied. It hen found out that they reported secured. BUt after time can be made unsecured. Which was great, but again. I was denied so I had to throw out the notion of having one of these great cards.

Negative credit:

11 collection accounts, 2 charge offs, and a 5 year old repossession

Positive Credit

I now have a Tribute card (8 mths old)
Household bank (6 months old)
Premier bank (1 month old)
Car installment loan (6 mths old)


I was recently turned down by every department store, Gas, and everyother establishment. I am down but not depressed, but wanted to know what to do next. Trust me, you name it. I tried and applied for it LOL.

But what secured cards are the best and do not flag as secured, other than the ones I have tried?

Hello everyone thanks for the answer to my inquiry question. I have another one. My brother and I were having a conversatio about secured credit cards.


Can I get some secured credit cards that you know of that are not flagged as secured on credit reports?

I heard that BOA and WellsFargo does report as secured. But does that hurt especially sense these are reputable banks are does it matter? Is reporting as secured damaging from all banks.

He applied with New Millenium and Applied and was approved of course but I was just checking. I may want to as well. I was checking on them and just wanted to find out more information from everyone on here. Thanks....

I was just looking at details of the new credit card law that passed. it looks like all credit cards will be a lot harder to get, and sub prime cards will get very difficult too. without being able to charge all the fees will any banks issue sub prime cards anymore?

That's the change you've been promised.

This law means that PIFers and never late customers gonna pay more for credit in terms of AF's, higher APR's and worse reward programs.

This law helps only to deliquent customers.

i hadnt disputed any of them, they are just getting old, and i did do a pay to delete for one of them. it does sound like a good idea though, getting a couple more of them removed would be great. i know too, if i keep up th positive history, in time my score will be great. i think i wil try disputing and see what happens though. is there a limit to how many accounts you can dispute at once?

From what I read and from personal experience, you can dispute multiple times. HOWEVER, do not be lazy and put all your disputes on one letter. You might as well put at the end to ignore this letter and please verify me. 1 dispute=1 letter. Make sure it is Certified Mail Return Receipt Requested, other wise known as CMRRR.

"But CG101, I have 10 disputes. You want me to send 10 letters plus 10 other letters to the collection agencies with CMRRR?! That's expensive"

Yes, it can be a bit pricey....but not as pricey as having bad credit. That 40-60 bucks a month on US mail was well worth it for me to see 700+ on TU and EX (presumably EX...my Fakos plus Vantage Score has me above 700.....I'd need a mortgage rep to tell me for sure...plus, my EQ is at 691 and TU 703).

Do a google search on CMRRR....the first page will point you to a couple of credit repair boards I like (for their information). You can cruise by and do nothing, and stuff will fall off on it's own. Or you can be proactive now so you can get your house when you want to (or whatever). Your choice.

I was just looking at details of the new credit card law that passed. it looks like all credit cards will be a lot harder to get, and sub prime cards will get very difficult too. without being able to charge all the fees will any banks issue sub prime cards anymore?

Correction]NO[/COLOR] subprime cards in existance (at least, not the way we know them). No more $250 fees for $300 cards...because those companies will close up shop. Subprimes will be replaced with secured cards (which is a much better deal anyway, believe me!)

I was just looking at details of the new credit card law that passed. it looks like all credit cards will be a lot harder to get, and sub prime cards will get very difficult too. without being able to charge all the fees will any banks issue sub prime cards anymore?

i hadnt disputed any of them, they are just getting old, and i did do a pay to delete for one of them. it does sound like a good idea though, getting a couple more of them removed would be great. i know too, if i keep up th positive history, in time my score will be great. i think i wil try disputing and see what happens though. is there a limit to how many accounts you can dispute at once?

as far as that goes, i am not sure what factors are keeping my score under 600. i have a lot of collections and 2 charge offs. one from 2005 and one from around 2006 or 7. i just started rebuilding 9 months ago, and my oldest account is only that old. scores have jumped about 80 points in that 9 months so far though. next oldest 2 accounts are only around 2-3 months old. i know as my accounts age, inquaris fall off, and collections age, i should be seeing 600.

Are your collections/COs in dispute? Even if you believe that the collections are yours, nothing prevents you from disputing them. Even a collection in dispute will bring your score up a tiny bit. Also, you may want to try the BBB approach on all your delinquencies. Before we get into that, lets revisit disputing collections 101.

1) For collections, you are going to do the 1-2 punch. Dispute the accounts on your bureaus and dispute the collection agency itself. You will be sending a "Debt Validation" letter. If possible, try to make it in your own words as much as possible while keeping the spirit of the letter that you will find from your google search.

2) After 30 days, you will most likely get a verified. THAT IS OK. The collection agency MAY or MAY not have responded to you. Send out a second DV letter. Wait 15 days.

3) Now, normally this is when you go out and sue for violation of FCRA/FCDPA. Save yourself the money for filing....go to the BBB website and file an online complaint against the collection agency. If your company has a C+ or better, that is GREAT for you. In your complaint, tell them that you have asked for Debt Validation and had not received it to the best of your satisfaction, blah blah blah. Write the dates you have sent the letter. The resolution you want is to have the collection company remove the offending items from your CC reports. (Make sure you name them all, plus write etc., to include those no names like Innovis if they be there too).

You have a 60/40 shot at having the BBB method work, but you MUST regularly dispute first or it will not work. If you do some research on the CB and other credit repair boards, you will find this method and others work in great detail (it worked for me... )

Good luck and hopefully it will help you (or the others who read this) out.

I hope, you realize, that are not real scores, but so-called FAKO scores. They are usually meaningless and useless.

True, but it would be a rare thing indeed that a FAKO in the 500s would mean he's in mid-600 FICO. He has much to do to get to repairing his credit as well as rebuilding.

I hope, you realize, that are not real scores, but so-called FAKO scores. They are usually meaningless and useless.

got them from my cedit monitoring service that i have through one of my credit cards. in those months my utilization has gone from 3% available to 85% available, which i think is a big thing bringing it up, and also tons of inquaries falling off, like i said another huge amount will fall off throughout july.

Hey everyone, my scores have jumped by huge amounts in the last 2 months. transunion went from 509 to 543 the next month, to 555 this month, ad experian went from 512, to 547, just with paying balances down and inquaries falling off. 16 more inquaries will fall of by the end of july, i cant wait to see what happens then.

Where did you get those scores?

as far as that goes, i am not sure what factors are keeping my score under 600. i have a lot of collections and 2 charge offs. one from 2005 and one from around 2006 or 7. i just started rebuilding 9 months ago, and my oldest account is only that old. scores have jumped about 80 points in that 9 months so far though. next oldest 2 accounts are only around 2-3 months old. i know as my accounts age, inquaris fall off, and collections age, i should be seeing 600.

Hey everyone, my scores have jumped by huge amounts in the last 2 months. transunion went from 509 to 543 the next month, to 555 this month, ad experian went from 512, to 547, just with paying balances down and inquaries falling off. 16 more inquaries will fall of by the end of july, i cant wait to see what happens then.

What is keeping your scores under 600? INQs alone won't get you a huge jump though it will help.