Credit Cards That Rebuild Credit

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Use credit cards to rebuild credit by paying off purchased immediately and keeping credit card interest rates as low as possible. Rebuild credit through auto loans or responsible credit card usage with tips from the owner of a debt settlement company in this free video on credit cards.

Part of the Video Series: Credit Card Debt Information
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Video Transcript

Hi my name is Peter Repak, I'm the owner of Clear Financial LLC, a debt negotiation company. Credit cards that rebuild credit. Well any credit card can rebuild credit. Once you get out of a really sticky situation where you had been falling behind and your credit went down, can you rebuild the credit with a credit card? Yes, credit card companies will give you a credit card very, very fast but you have learned your lesson so don't just start spending again like a maniac. What you really want to do is you want to responsibly use that credit card really just purchase as much as you can payback on that credit card. Make sure that your interest rates stays low and you have learned your lesson why did you get into trouble in the first place. You can also have different ways of building your credit or rebuilding your credit. Just a loan purchasing a vehicle at your local dealership if they would give you with a low credit score that itself will rebuild your credit and at the same time if you don't own anything to anyone, your debt to income ratio will be in a perfect position. That alone itself will probably rebuild your credit pretty good, however the credit scoring industry, they're credit bureaus not always up to the best position to help you. So really using a credit card to rebuild your credit, you can have one credit card, use it responsibly, but other then that, I wouldn't advise to have a credit card in the first place because that will put you into debt. My name is Peter Repak, I'm the owner of Clear Financial LLC, it's a debt negotiation company, thank you for watching.

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