Comment from Gunny Bill
Time July 23, 2009 at 1:39 am

Check out information on http://www.americanloansearch.com
Most important thing is never have late payments or over drawn. Web site will give suggestions that may help get some derogatory marks off you report.

Comment from Katherine W
Time July 23, 2009 at 2:02 am

Does that secured card report to a credit bureau? Which one? How often? Most don’t, so if this one doesn’t, it won’t help your credit at all.

Comment from Expert Realtor
Time July 23, 2009 at 7:02 am

Secured credit cards generally do not report to your credit report.
There is no way you can predict on how long it will take it to build back up….and something significant had to have happened for your score to be lowered that much.
As far as how many points per month it will raise, NO ONE can give you that information. Credit scoring methods are propriatory information, and are not published nor made available to the public by the credit repositories that compile the scores.
I wish you luck.

Comment from soumbook
Time July 23, 2009 at 8:58 am

You need to get a store credit card
with a small credit limit like:$250 – $500.
1) Use only 50% of your credit limit, never pass 50%.
2) Pay on-time everytime! even few days before the due date.
3) Wait 6 Months, Check your credit score again.
Good luck.