Chosen by Asker

"spacedout"??? nice name... lol anyway, i looked at both sites and both use clickbank as a payment processor. except for the color scheme, there do seem to be similarities with the layout. its very possible that both sites are operated by the same company, but who knows? in the world of information marketing, lots of sites are rip offs of each other. my guess would be the second site is a cheap rip off of the first. but ive digressed... personally, im very skeptical of such sites. but i have had experience with clickbank and they definately honor the money back guarantee (in fact, the money back guarantee is strictly enforced). so even though the first site explicity states the guarantee, both would actually have one. that being said... if you have pretty much already made the decision to go with one of those two sites, i would go with the first. yes, i admit visual appeal is important to me and the second one seems to be lacking greatly. furthermore, the first site you mention does list some free bonuses which, judging from your update, seem important to you. but most importantly, the first site seems to have a larger list??? it says over 130 sources vs. 80something from the second site. for the money, the creditsources.org site seems to give you much more. as far as that second site... i dont know... to me, the fact that they use a contraction ("you're") in the URL bothers me greatly. it comes up so grammatically incorrect. hard to trust a company that doesnt atleast use a spell check, or that would settle for such a name. lol so bottom line: if its between those two sites, definately go with that creditsources.org site. otherwise, there is a lot of great advice about secured credit cards from a bank, etc, which has already been presented. consider trying that as well. good luck to ya

by mh500

2 years ago

Asker's Rating: 

Generally speaking, the fastest and cheapest way to establish or rebuild credit is with a "secured" credit card. The process is that you open up an account with a bank and they give you a credit card for the amount of the account and use the bank account for collateral. Generally speaking, the lowest amount most banks will accept is $200. Oddly, when it comes to getting credit, it is better to have two accounts at $200 each than it is to have one account at $400. Then, as time goes on, you can increase your credit line by adding funds to the security account. Once you has established your credit, you can pay off these accounts, close them, and get your security back with interest. Typically, there are no up front charges for these accounts but there is an annual fee of around $60 per year (usually charged at $5 per month.) You'll want to get major credit cards such as MasterCard and Visa. Because department store credit cards are usually easier to get, they can count against you. Lenders usually suspect that a borrower gets a department store card because they can't get a major credit card. Another situation to stay away from is is the high priced "unsecured" credit card. Although this type of card doesn't require an up front security deposit, they typically charge a lot of up front fees. It is not uncommon to charge over $100 to get a credit line of $200. The "benefit" to you is that they charge the fees to your credit card account so you don't need any out-of-pocket money to get this. However, you do start out with a lot of debt. And, typically, you're getting charged an interest rate of over 20% to pay for those fees. Once you get your credit cards, make sure to pay them on time. 30-day lates can stay on your credit report for up to seven years and banks almost always charge a sizeable late fee. Finally, simply paying your credit cards on time won't guarantee you good credit. Lenders also want to see balances lower than 50%. Oddly, when it comes to your credit score, the amount of debt you have isn't as important as the ratio of balance to credit line. If you have a credit card balance of $200 but a credit line of $300 then you are using 67% of your credit line and you are considered a risk. However, if you have a credit card balance of $200 and a credit line of $500 then you are only using 40% of your credit line and banks believe that you are handling your credit wisely. In both examples, you have $200 of debt. Typically speaking, whenever you open a new account, you can expect a slight drop in your credit scores because of inquiries and new credit. Then after about six months, assuming you're doing everything else right, you'll start to see your credit scores go up again. This happens, every time you open a new account. Therefore, if you are going to get two credit cards, it is better to open both of them at the same time than it is to open a new one every six months. I hope this helps.

by Bob C- 2 years ago

check out www.loaninfo.ca and www.paydayinstant.com it should give you some lenders to assist you.

by Quick Loan- 2 years ago