Need a fresh start on your credit but can’t get a conventional credit card? It can be really hard to get a fresh start when you can’t even get a credit card, especially if you’ve had a financial setback… in fact, there are times when it seems nearly impossible! Relax, it’s not nearly as hard as you think to start rebuilding your credit score.
Of course, the first things you’ll want to do are to pay off as many of the derogatory accounts as possible, and if there are any inaccuracies, make sure that you do everything in your power to correct them – disputing something on your credit report these days is extremely simple. It can all be done online, in a matter of minutes, and it doesn’t normally take very long for the inaccuracy to be removed. (Check out our credit monitoring page for several free and paid options to choose from!)
Once you’ve cleared up as much as you can on your credit report, then you’re ready to think about rebuilding your available credit and payment history, and again, that’s not nearly as difficult as it has been in the past. You have two really good options when you can’t get a conventional credit:
Get a catalog shopping card at an online retailer like a Fingerhut Credit Account issued by WebBank. Fingerhut is probably the best known catalog shopping merchant that you’ll find when you’re looking for a fresh start on your credit. Unlike a lot of online retailers, Fingerhut really works with those of us with less than perfect credit, not only to give you the credit that you need, but also to help you improve your credit score in the process. For starters, nearly everyone can get approved for a Fingerhut account just by filling out a simple application, but in the event that you don’t get approved, you may still qualify for a special “fresh start” program that Fingerhut offers (where you would pay a deposit on your first order before it’s shipped). And you’ll love the ease of shopping at Fingerhut – they have hundreds of thousands of name brand, competitively priced items available on their site, and you’ll know up front what your monthly payments will be. And the interest rate? Again… very competitive! And, most importantly, Fingerhut reports your responsible credit usage and payment history to the major credit bureaus, so you can start working on your credit score while you shop!
Check out Fingerhut today and apply for your Fingerhut Credit Account issued by WebBank today!
Set up a secured credit card account, like the First Progress Platinum Prestige MasterCard® Secured Credit Card. Secured credit card accounts differ from conventional credit card accounts in that you put up a security deposit that is normally equal to your initial line of credit. Then you simply use the credit card exactly as you would a conventional credit card, making responsible purchases, timely payments, and so on. The credit card provider then reports your usage to the major credit bureaus, and you will begin to see an improvement in your credit score as your available credit and payment history improve.
Most secured credit cards these days offer very reasonable interest rates, low to no annual fees, and some even convert to conventional credit cards over time. Compare offers to see which one works best for you and get started today!
As with all changes to your credit score, getting your fresh start will take time – but it can be done!