Hello all - My question is does anyone know if one has to be cleared of all credit card debt to purchase a secured credit card? I'm $3,700 in with chase bank that has went to collections, but I am paying it off in full in September of this year. I want to start "repairing" my score this summer with a secured credit card, I have the money to put down on the card..but I recently "applied" with a random online company for a 200$ card [i forgot which one] and it was denied..I don't know why it would be denied since I need to put money down..it's not like an actual credit card. The only reason I could think of is because my chase debt. Anyone know of a secured cc company that has worked for them??
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.