Tilted Forum Project Discussion Community - View Single Post - NoSoup's Guide to Obtaining and Maintaining Excellent Credit

cadre · 01-07-2007, 02:26 PM

This is a great thread, I learned alot so far. So do I have the credit card thing right? That being that the secured credit cards basically use an account with a set amount of money as collateral but you can't use the money in the account. Then unsecured credit cards don't have collateral? Is it easier to get approved for a secured credit line and if so, would you suggest going through the same bank that I already do my banking with?

Also, do things like cell phone payments affect your credit score? If so, is it a big deal if I pay mine two or three days after it's posted or does it matter?

Thanks for all your help!

01-07-2007, 02:26 PM	#40 (permalink)
cadre The Worst Influence Location: Arizona	This is a great thread, I learned alot so far. So do I have the credit card thing right? That being that the secured credit cards basically use an account with a set amount of money as collateral but you can't use the money in the account. Then unsecured credit cards don't have collateral? Is it easier to get approved for a secured credit line and if so, would you suggest going through the same bank that I already do my banking with? Also, do things like cell phone payments affect your credit score? If so, is it a big deal if I pay mine two or three days after it's posted or does it matter? Thanks for all your help! __________________ My life is one of those 'you had to be there' jokes.