What are the best merchant cards for building credit?

April 9, 2010

in Best secured loans

So, I’m working on building my credit. Here’s what I have:

- Car loan (cosigned w/ 8 mos perfect payment history)
- Credit card (secured w/ 10 mos perfect payment history)
- Credit union loan (secured w/ 2 mos perfect payment history)
- Jewelery Store account (w/ 2 mos perfect payment history)

The jewelery store is Crown Jewelers, and they have a “no credit check” program. If you make a down payment, they’ll issue you a nice sized credit line and report to all 3 bureaus. I’m looking for another merchant card like this with no credit check because the collection accounts I’m working on removing are hurting my score so bad I can’t qualify for anything decent.

Does anyone know of another store like that?

Even if a purchase and down-payment is required — that’s ok.
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