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Secured Credit Cards - credit cards that do not report to the credit bureaus. - Canada

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RE: credit cards that do not report to the credit bureaus.

Postby montyloree » Thu Sep 12, 2013 05:54:02 AM

Have you communicated to each creditor your state of finance?

Honestly, if you live in an urban center, you don't really need a credit card.... but, if it was urgent to have one, get one from HomeTrust, or Capital One.... but you need a security deposit...

Are you able to make minimum payments on your credit cards?
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RE: credit cards that do not report to the credit bureaus.

Postby debt7777777 » Wed Sep 11, 2013 07:57:38 PM

Thank you for the reply Monty. I suppose we all need a cc to rent a car book a hotel or order things online etc.

I don't need to try to rebuild my credit at this stag of my life. Short of winning the lottery, I have no chance of ever repaying those debts.

It was my understanding that all creditors share information. As I plan to continue to evade the phone calls and legal letters, this is why I wanted such a card. Perhaps they do not exist.
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RE: credit cards that do not report to the credit bureaus.

Postby montyloree » Wed Sep 11, 2013 10:23:33 AM

All real credit cards will be registered with a bank or card issuer of some sort.... they are all regulated, and all must report to credit bureaus... honestly, you wouldn't want a credit card that didn't report to Equifax and transunion....

And... what would be the benefit to not report? if you're making your payments on time?

Why do you 'need' a credit card?
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credit cards that do not report to the credit bureaus.

Postby debt7777777 » Tue Aug 27, 2013 02:30:58 PM

As I have a large amount of bad debt, I am attempting to "stay under the radar" yet need a credit card.
(I realize that this would be a secured cc)

Does anyone know of any credit cards that do not report to the credit bureaus.

Thanks for any help.
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Joined: Tue Aug 27, 2013 02:16:15 PM
Province: BC


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