Do secure credit cards improve credit that much??

[Adrian G.]

Just curious if secured credit cards improve credit more then regular credit cards, Anyone know?

[Ali Samana]

Adrian,

Anything reports to the bureaus every month will help your credit. Secured credit card, as long as they report, would be good.

If they don't, then you can get a secured loan from a bank. You would put money in a CD or savings, and then ask for a non-purpose secured loan backed by your CD/savings. As you pay the loan, they release more and more of the money to you.

I would repeat that process a couple of times and then ask for a non-secured loan from the same bank.