Flightwo99, I recommend you try calling a local credit rebuilding company. They should offer you advice to help improve your credit.

It is wise to be cautious about applying for credit cards in this economy. I would advise you to go with a secured credit card or a Capital One credit card. If you get one of those, lay low. Inquires do drop your score by a few points. Excessive inquires especially in a short period of time is very damaging because it shows that you are desperate for credit. After you get one, lay off the submit button when applying and never charge more than you can pay off in one month.

Its not wise in ANY economy to apply for ANY credit card.

If you want to buy a house, then save up a down payment and make sure you can verify steady income. That is all a good loan broker needs to get you qualified for the best rates. Many loan brokers just use credit score because its easy, but if you actively seek out someone who is familiar with the underwriting process, and you prove to them that you have a significant down payment and sufficient income, they will get you the best loan around, without ever checking your credit score. Don’t worship at the alter of the FICO just because you want to buy a house in a few years.

If you don’t have a credit card then you ought to have one. Having credit and paying it off responsibly will raise your credit score even more.

In this economy many businesses are going bust and closing down so a credit card for buying things is the best way as your items are covered if this happens. Just make sure you have the moeny in the bank to then pay your CC bill off then you don’t get into debt. I do this and you don’t have to pay interest on your bill if you pay in one go.

There is never a good economy in which it is wise to go in debt with a high interest rate.

You don’t need credit.

check this site for free credit card comparisons from different companies, you can see which you qualify for and what’s best for you

Yes and no. Its wise to build credit yes, but if you cant control your spending no.

Get a card, only buy things you already have the money for. Pay them off in payments ON TIME.

You can get a good low rate with a 758, i suggest capitol one.

Nah, there’s a lot of creeps out there who are so desperate for money that they tap into those and steel thousands. Please do not get a credit card unless it is impossible for it to be broken into.

Absolutely. I am in the same position, but it is tempting to use them when you fall into hard times. My trick is transfer balances to zero percent interest card.