I was wondering what would be the better rebuilding option. Is it better to get a secured card first, while I pay off collections/other debts, or to simply pay off all debt first, then go secured.
I have an extra $ 200 ready and I would like to begin by getting a secured card to speed up the recovery, but I do not want to waste another inquiry and possibly get declined. All my debts remain unpaid at the moment. If I were to apply for a secured card, would the unpaid collections hurt my chances?
Would simply cleaning up my report first, have a bigger impact?