Need a loan to pay off debt? See if you qualify for relief without a loan Having a credit card – or even a couple of credit cards – isn’t always a bad thing for young adults, provided they learn about credit management and use credit wisely.
About Secured Credit Cards
A secured credit card is a card where you essentially put up cash as a deposit. Let’s say $500, or maybe even $1,000.
Whatever amount you turn over to a bank that is issuing you a secured credit card becomes your credit limit. If you put up $500, then you get a secured credit card issued to you in the amount of $500, which gives you a $500 limit.
A secured credit card is typically a good option for those who might have thin credit, or perhaps no credit. Maybe you have bad credit because you’ve had credit problems in the past. Don‘t think that the entire world of credit is closed to you, because frankly nothing could be further from the [...]
Having a low credit score can take you out of the running for many credit cards. But credit blemishes – or even major black marks on your credit report – don’t mean you’re financially doomed and can never get a credit card. Related Questions:2013 partially secured credit cardcapital one secured credit cards for bad [...]
Q: I had my first “secured VISA” Credit Card from a Federal Credit Union planning to build my credit, but now when I go to apply for a Non-secure VISA Credit Card the system doesn’t show any records about my credit, the bank says that the credit card that I was using reports the credit [...]