Credit Cards messed up my Credit, why do I need them?

Credit Cards messed up my Credit, why do I need them?
Credit Cards may have been the reason your credit got the
way it is. So you decided not to ever have a credit card
again. I know credit cards are evil, but they are a
necessary evil to establish credit. Let's assume you have
messed up your credit report with credit cards in the past.
So now you must re-establish your credit. What is the
quickest way to establish new credit? Most people don know
this but credit cards help your credit rating. So you need
1 to 2 cards reporting to your credit report. Ok, but back
to the re-establishing credit after some credit issues. You
need to go get a Secure Credit Card, this is the quickest
way to get your credit score on the rise. Yes, you need to
deposit money with the bank, but it's your money, and you
quickly start the process of reporting good credit to all 3
bureaus. Here are some great secure credit cards I highly
recommend that does not have a bunch of outrageous fees.
1. Orchard Bank
2. First Premier Bank

These two Secure Credit Cards usually start reporting to
the Bureaus to establish good credit with in 60 days. These
cards will quickly allow you to get your Credit Score in
the right direction. I have talked about how to keep your
balances low and what percentage of the allowed credit to
charge up. You want to keep your balanced that is charged
on your card 30% or less of allowed credit limit. While you
are dong all of this, you can keep in the back of your
mind, that every six months these credit card companies
usually will allow you to ask for credit limit increases as
long as you are in good standing. Remember once your
balanced owed drop below 30% of your allowed credit limit,
your credit scores will increase.

Who cares if you have had problems in the past because of
credit cards, I am sure by now you have learned not to make
the same mistake twice. Credit Cards are necessary to get
the better rate on that loan; it is another way to show
your ability to pay back a creditor that has extended
credit to you. This is what Credit Reports are all about,
who is reporting you, and your ability to pay back
obligations. In a nutshell credit cards are necessary so if
you don't have one I would get the process going.

----------------------------------------------------
About the Author: Mike Clover is the owner of
http://www.my720fico.com . My720fico.com is one of the most
unique on-line resources for free credit score reports,
Internet identity theft software, secure credit cards, and
a BlOG with a wealth of personal credit information. The
information within this website is written by professionals
that know about credit, and what determines ones credit
worthiness.