home *** CD-ROM | disk | FTP | other *** search
- A secured credit card is good
- for people with a poor credit
- history or no history at all.
- A secured card works like this:
- You deposit money in a special
- account that acts as collateral
- for your charge card. The bank
- issues you a card with which
- you can make purchases for up to
- the amount of your deposit. If
- you don't have credit and are
- looking for a good secured card,
- find a bank that will pay you
- interest on your deposit and that
- charges reasonable fees. After you
- have paid your card on time and in
- full for six months in a row, ask
- the bank to update your credit
- information.
-