edubb007 Posted December 21, 2004 Report Share Posted December 21, 2004 What does everyone think about the sub-prime credit cards that are helping rebuild?I have a couple I'm helping with some issues. Both are in the 500's(MID)with very little positive. She had Identity Fraud and he messed up a bunch. He owes small cards and has a few open C/O's we are working on. She just has deffrred school loans and some c/o's to be cleaned up. I need them to rebuild and some of the cards I used when I started (FNBM, Centennial Gold, Premier....) Charge hefty initiation fees. I have heard of a few that don;'t, anyone know of any?Thanks! Link to comment Share on other sites More sharing options...
DHK Posted December 21, 2004 Report Share Posted December 21, 2004 Orchard Bank isn't TOO bad - up to a $79 annual fee. Rate is about 19%.Definitely better than First Premier, FNBM, etc. IMO. Link to comment Share on other sites More sharing options...
edubb007 Posted December 21, 2004 Author Report Share Posted December 21, 2004 OK... Thanks!I had premier at 9.9%, do they still offer that? Link to comment Share on other sites More sharing options...
Q Posted December 21, 2004 Report Share Posted December 21, 2004 National City is good. Prime Bank too. I know of others but not off the top of my head. Link to comment Share on other sites More sharing options...
DHK Posted December 21, 2004 Report Share Posted December 21, 2004 OK... Thanks!I had premier at 9.9%, do they still offer that?Premier is still at 9.9% last time I checked, but that's still after your "annual fee", processing fee, expedited fee, the fees for charging you the fees, etc.After all the fees are charged to your "unsecured" card, you only have about $19 available credit. Link to comment Share on other sites More sharing options...
edubb007 Posted December 21, 2004 Author Report Share Posted December 21, 2004 Yeah! I vaguely remember that! I'll have them try the HHLD/Orchard!Thanks!Edubb Link to comment Share on other sites More sharing options...
bigdaddyroy Posted December 22, 2004 Report Share Posted December 22, 2004 I highly recommend Amalgamated Bank of Chicao.. I have this one along with the National City card... Link to comment Share on other sites More sharing options...
edubb007 Posted December 23, 2004 Author Report Share Posted December 23, 2004 Roy...What were your scores when approved?Is it secured? Link to comment Share on other sites More sharing options...
bigdaddyroy Posted December 23, 2004 Report Share Posted December 23, 2004 My scores were as follows when I got approved :EQ - 548EX - 560TU - 547I hope this helps! Link to comment Share on other sites More sharing options...
gprncss Posted December 23, 2004 Report Share Posted December 23, 2004 My scores are slightly higher, I just applied for the National City card on line and got this response"Thank you for applying for a credit card through NationalCity.com. Your application will be processed and we will be contacting you in 7-10 business days."normal response? I hope so, keeping fingers crossed, I just need a few positive tradelines to make up for the negatives I've lost. Link to comment Share on other sites More sharing options...
DHK Posted December 23, 2004 Report Share Posted December 23, 2004 National City offers a secured card - and I think that was what was recommended. Unfortunately, I don't think the secured card is offered on their website.If you're declined for a unsecured, call them and ask if you would be approved for their secured card (without another credit inquiry, if possible). Link to comment Share on other sites More sharing options...
bigdaddyroy Posted December 23, 2004 Report Share Posted December 23, 2004 That's exactly what happen to me a while back. Simply call the customer service folks and they will offer you the secured card. Good luck! Link to comment Share on other sites More sharing options...
gprncss Posted December 23, 2004 Report Share Posted December 23, 2004 About the secured card, did you set the limit or did they set it for you?I'm hoping they approve me unsecured. Who did they pull do you recall?I'm waiting on one from my credit Union, their min is $500.I am very tempted to accept the lst premier plantinum card that came pre-apporved in the mail. I just can't deal with all those fees they charge up front. Link to comment Share on other sites More sharing options...
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