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Why should I get a secured credit card?
There are many reasons why people can't qualify for a credit card from
a bank such as poor credit history, no established credit history or
inability to prove income. Because there is a security deposit
($75 - $10,000), almost everybody is approved. When the
payments are kept up to date on the card, the cardholder is building a
positive credit rating.
What happens to your security deposit?
Your security deposit earns interest as long as your account remains
open. When the account is closed, the deposit plus earned
interest is returned. If there is an outstanding balance on the
account, it will be deducted from the deposit and the remainder will
be returned.
How does this help me re-establish my credit rating?
The credit card agency reports your file to the credit bureau on a monthly basis.
Your file is updated and your credit history begins.
There are several
companies available to help with your secured credit card. We do
not recommend one over the other and have no affiliation with them.
We are here to assist you in restoring your credit rating and secured
credit cards are a way of doing so.
If you do not have the
money to put down as a deposit we may be able to help you.
Along with an auto loan, a credit card it
is a great way to re-establish your credit rating along.
The application process is very simple and nearly everybody is
approved. Of course, if your application is not approved, your
security deposit will be immediately returned to you.
Simply
contact Alan and he can provide
you with further details. |
