Do they check your credit on an Secured Credit Card before i get it?
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ok i want this Secured credit card it sayes just pay $49 and i will get it once i pay the $49 will they check my credit before they even send the card? or will they send the card than if i don't pay the credit card bills will than they check my credit score because I'm 19 and really have no credit score so can i get this card and use it with no credit score?
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Answer:
Run away fast!! Go to a bank or credit union, consent to leave $1,000* on deposit with them (usually in a CD - certificate of deposit) and you will get a secured {by your money in your CD} credit card with a limit of (say) $900 - of which $300 - $400 is usable, without hurting your credit score due to overextending yourself. * it can be less, but then you don't have much of a credit card. If you look around, you can do this for NO set up fee, and no annual fee. Then just use the cc wisely, and you are on your way to good credit. {If you fail to pay your bills, the bank closes your account and keeps some to all of your security deposit to satisfy your debit; and you and your credit are screwed.}
Mandy Rector at Yahoo! Answers Visit the source
Other answers
If they requested the 49, they've already put a hard inquiry on your report (checked your score) and once you send them the money it can be 7-21 days before you see your card. they don't start reporting right away either, they wait until the billing cycle closes and then they report. the way you use the card will determine if it will help or hurt your credit.
mzmercy11
It depends on which company your dealing with. Some will do a hard inquiry on you and some only require your security deposit.
Lost Guy
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