Good evening,
I've only been following the blog for about a year now. I'm gradually making financial changes to better my life and others.
As of last year I began working again for a temporary agency. My assignment ended 12/2016 and my unemployment kicked in shortly after.
I just received my tax return and instead of buying a new flat screen like most of my low income peers. I want to park some cash somewhere. I've chosen Ally to place $1000 because of their interest rates.
I also would like to improve my low credit score.
I only have two accounts open 1 autoloader which is recent but in good standing and a cable bill that went to collections for $114 in 2015. I just paid this off Friday and reinstated my account with them for Internet only.
I've done my research and I know that a secured credit card is the way to rebuild my very little credit history. I was turned down my the bigger banks (capital one and bluesky) and approved by a company called Primor security gold.
I'm wondering if there's anything else I can do to build and repair my fico score?
Anything to keep in mind in using the secured card?
Thanks!
