Online Credit Repair Secrets
Rates on a Washington Mutual Secured Credit Card?
Ive had bad credit ever since my business went under, between bills that had pilled up, taxes, not being able to pay rent, etc. Im finaly done bleeding & starting down the road of repair. My Dad is willing to help me out. Our first plan was for him to cosign on a major credit card with me, which appearently a highly standard process CC companies just dont do anymore. So now we're looking at a secured card that hed loan the deposit for. Reading online every article says to shop around for the lowest fees and rates. We bank at Washington Mutual and our branch has always provided GREAT customer service to us & know my situation well. Wamu offers a secured card, the problem is in aspect of shopping around for rates & fees I cant seem to find Wamus stats anywhere, so I dont know if I should go with them or go with something I found online that I know has good rates. So my question is, does anyone have a wamu secured CC that could tell me what the rates and fees are? Potential interest?
Public Comments
- If you are seeking the route of "Secured Card" - I am assuming you want to build your credit which you have lost. In that case the reason one takes secured card is to - 1. First get a Card which one can utilize to build credit. 2. Pay it off more frequently to Build the Credit. If you are "Not going to pay frequently" - assuming because you are asking about rates - it will not do any good to get a Secured Card because - 1. You can spend only as much as you have put deposit. 2. If you do not pay frequently you will not build credit so fast and will not get to actual "Credit Card". So I recommend you to focus on "Limiting or Budgeting" your spending such that you can pay-off the Secured Card and build your credit fast enough. Just my 2 cents. -N
- WAMU charges an annual fee of $39, the rate is 17.99%
