The Horizon Gold Card is an unsecured shopping card, meaning that it is only accepted at one specific Web site.

Often individuals will apply for this card when they have a damaged credit score. That is because it will report to a major credit bureau.

They guarantee approval and do conduct a credit check. There is no minimum income requirement, or employment verification.

The initial credit limit will be $500, and they charge an application fee as well as a monthly fee.

As previously mentioned, this card is only accepted at one place. We do not believe that the products sold on this site are of a high quality.

Additionally they can manipulate the prices for these goods. You will also be charged an extra processing fee for every purchase you make.

Further your account is only reported to one bureau. This can only help one of your credit reports. If a potential lender does not check that bureaus report you are in the same place with or without the card.

It is a wise decision to take steps to improve a low credit score. However this step is not one we suggest.

Instead you should get a secured credit card. It will also guarantee approval and will report to all three bureaus.

You will have to make an initial deposit to secure your card; however that will be fully refundable so long as the account is closed on good terms. Additionally this card will be accepted everywhere.

Positive reporting credit accounts are certainly important, but removing negative marks from your credit report is the most successful way of improving your credit score.

Many people believe that a negative item needs to stay on your credit report for seven years, but this is completely untrue.

The truth is that you do not just have to live with bad credit-every mark can be removed from your credit report.

To protect you and your credit report from disreputable lenders and collection agencies, Congress passed the Fair Credit Reporting Act. This legislation states that seven years is the maximum amount of time that an item can remain on your credit report.

The Fair Credit Reporting Act makes no mention of a minimum amount of time that an item must remain on your report. Additionally, there may be mistakes by lenders or other inaccurate information on your credit report. Estimates say that 25% of credit reports contain errors, which could be costing them a great deal in high interest rates.

In summary, we recommend a secured credit card and not the Horizon Gold shopping card. Remember too that you have the right to challenge negative items on your credit report and have them removed. You do not need to just live with a low credit score.

Removing negative items from your credit report is the most effective way to improve your credit score. In addition to providing you and your family with a higher quality of life, you will be afforded the wonderful feeling of knowing that you can be approved for a new line of credit.