Reasons Why Secured Credit Card Is The Best When Build Credit ScoreWhat Is A Secured Credit Card?
A secured credit card is a type of bank card that is backed by a money deposit from the cardholder. This down payment is used as your credit line. Most need a minimum security deposit of $200. And on some... not all ... you can make a down payment of approximately $5,000. Why do most credit repair specialists recommend secured credit cards? The reason we advise secured credit card since most of them has no application fee. - Another reason is the rate of interest are low given that the line of credit is secured - Some financial institutions will certainly allow you to add more security deposit so you can boost your credit line. Read more: Reasons Why Secured Credit Card Is The Best When Build Credit Score
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AuthorHi there! I’m Denise Shaw, a financial analyst from Delaware. I have been in this professional expertise for over 7 years now. Archives
September 2020
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