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Orchard Credit CardPosted on January 26, 2010. Has anyone use the credit cards offer Orchard to improve your credit score? Is it effectv? My credit score is ok, but I want to wear it for a future purchase. I saw a bank offering oline Orchard. They report to all three credit bureaus each month. Has anyone used this method and / or the company to increase their credit score? Absolutely! Getting negative items removed from credit reports form is only half the battle. You need to start building your credit. To do this, a secure line of credit works wonders. In addition, being placed on your husband or your parents card works pretty well. If you have a credit OK proceed Orchard Bank. There are many moons, I try to build credit and got an orchard Bank Visa. The interest rate has been horrible, credlt limit is ridiculously low (I mean, they'll start at $ 350 and deduce whether many start-up costs, you end up with an available credit of approximately $ 50 ). Yes They give you a good credit rating, but it's just like any other, you must pay your payments on time and never be late or they charge you out the wazoo. So when you open the account you need only about 50-75 dollars available because they are ridiculous charges off the card during activation. I did it after the bankruptcy and it has actually improved my score, but not much. If you do not use it and pay quickly, you have a better chance to get more credit. It will actually have a negative impact for months because it is a new online business, but over time it can certainly help. Request credit line increases every 6 months and will keep building you a better credit rating. CommentsThere are no comments.Leave a Comment |