
Tag: secured credit card



A secured credit card is one that requires a cash security deposit to open an account. This is in contrast to an unsecured card that does not share this requirement. The primary benefit of a secured credit card is the ability to use it to build or improve your credit history and score. However, it…
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It is becoming increasingly difficult to go through life without at least one credit card. However, for those with a bad credit history, getting approved for a regular credit card can be next to impossible. For those who are ready to shed the yoke of bad credit or bankruptcy, a secured card could be the…
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As you begin your search for a credit card, you may soon come to find that you don’t qualify for the one you want. While this is disappointing, don’t let that stop you. There are still options to consider. The first thing you need to do is look into the benefits of a secured credit…
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Applying for and using a secured credit card isn’t something you want to do, but it could be in your best interest. Unlike an unsecured credit card, you’re required to make a security deposit with this type. It acts as collateral in the event of a default. Conversely, if your account remains in good standing,…
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