Money help: Secured Credit Cards - Easy Way To Establish or Re-establish Credit - Help.com

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Secured Credit Cards - Easy Way To Establish or Re-establish Credit

Secured credit cards are designed to assist people who have never had credit or those who have bad credit, in order to enable them to establish a good credit rating.
Typically, secured credit cards are issued when the holder is able to offer a type of “security” deposit to the lender by depositing a pre-arranged amount of money into a savings account, money market or certificate of deposit. Learn How secured credit cards work and why its considered the safest way to establish credit?

This open post was written 2 years, 11 months ago | V/U/S: 1,695, 7, 4 | Edit Post | Leave a reply | Report Post


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Since writing this post my last offense may have helped people, but has not within the last 4 days. my last offense is a verified member, has been around for 3 years, 1 month and has 9 posts and 52 replies to their name.

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easy, bad credit, secured credit cards, money market, amount of money, reestablish credit, credit, Cards, Money, finances, Editorial (How Tags Affect Reciprocity)

Replies (7)

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my last offense invited 10 users to read this post 2 years, 11 months ago.

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C.M.Theisen changed the tags on this post: they were "bad credit, secured credit cards, money market, amount of money, reestablish credit, credit, Cards, easy, Money, finances" 2 years, 11 months ago.

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Grateful offline Verified User (3 years, 1 month) Long Term User Shouts: 1 #
Virginia Beach, VA, US | 2 years, 11 months ago (1 day, 5 hours after post)

A lot of people use their income tax return. Put it in a CD with as much other cash as you can get your hands on. Take out a secured loan with that and put that secured loan in to your savings account. Use that savings account to slowly pay off the secured loan and when it is paid off, cash out the CD. Do this a couple times and your credit will look fine. I have about a dozen other methods, but I don’t have time to type them all right now so I will reply again later.

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zxcvbnm offline Verified User (3 years) Long Term User Shouts: 2 #
An Unknown Location | 2 years, 11 months ago (1 day, 20 hours after post)

try a credit card and only make small purchases with them. basicaly like he said above. ive thought about doing it with candy and pop and such actually lol.

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Diesel1 offline Verified User (3 years, 1 month) Long Term User Shouts: 8 #
An Undisclosed Location | 2 years, 11 months ago (4 days, 20 hours after post)

I know that co-signers are a good way to start credit. If you can’t find one then you will have to get creative.

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