- 1). Call your area banks, such as Bank of America or Sun Trust Bank. There are branches of these banks spread throughout the state of Georgia. Ask for details of the secured credit card offered. Verify the bank reports to all three credit bureaus, offers guaranteed approval, does not charge an annual fee over $50 and has an interest rate no higher than 10 percent.
- 2). Visit http://www.comebackcredit.com/what-is-a-secured-credit-card/ for four secured credit cards that offer guaranteed approval, report to all credit bureaus and offer low fees .Bankrate.com also shows secured credit cards that meet these requirements. Carefully review the card options and read the terms and conditions.
- 3). Make a payment equal to the credit limit you request. Use the card regularly and make all payments on time. According to ComeBackCredit.com, your score will benefit the most by keeping your balance at less than 30 percent of the credit line.
- 4). Allow twelve months to pass and pull your credit file. Make note of your credit score. Your credit score, if you have made all payments on time, will show improvement. Ask the credit card company to convert the credit card to an unsecured credit card.
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