August 14, 2022

While away at college, my friend Brett got a little bit out of control and never for a moment considered the consequences of his actions.Brett majored in Partying.He spent bushels of money chasing girls,closing down the bars and generally hemorrhaging cash any chance he could. When he (yet again) failed to pay on time… the bank yanked his credit cards.Brett has since cleaned up his act and has rehabilitated himself but the black mark on his credit is like a bruise that won’t go away.Fortunately, he was able to re-build his credit and start over with a secured credit card.

There are a lot of different flavors of credit cards but not a whole lot of choices for people like Brett: reformed credit “offenders.” Secured credit cards are one way to re-build your credit or begin to build a credit history.

The secured credit card is similar to a debit card as it is tied to your savings or checking account. If you only have $100 in your bank account, you can only spend $100 on your card.

Basically, the lender is using your bank account balance vclubshop.tel as collateral. That means that, even though there is cash in your account you still have to pay the monthly balance on your expenses.The money in your account will only be touched if you fail to make timely payments.

Aside from generally higher fees and interest charges, secured credit cards work like regular credit cards.

You are expected to pay the bill every month on time. This shows the bank that you are a responsible consumer. Act irresponsibly and you can watch your interest charges go sky high,get tagged with nasty late charges,see your savings dwindle away and add another smudge to your spotty credit history.

Initially, it may seem like the bank has you jumping through hoops but re-establishing a positive credit record takes a lot of time and patience.The prudent use of a secured credit card is still one of the easier ways to re-build your credit and may be your only option to continue having access to a major credit card.

78 thoughts on “Secured Credit Cards

  1. สล็อต สล็อตออนไลน์ เกมสล็อต เว็บสล็อต สล็อต เล่น ฟรี สล็อต 888 สล็อตออนไลน์ มือ ถือ เกมสล็อต ทดลองเล่นสล็อต
    สล็อต

  2. Great work✅ This is the type of information that should be shared around the web. I also have some information related to on my website
    123 movies

  3. Superior post keeps up with this exceptional work✅. It’s nice to know that this topic is being also covered on this web site so cheers for taking the time to discuss this! Thanks again and again!
    soaptoday

  4. Excellent article. I want to thank you for this informative read; I really appreciate sharing this great post. Keep up your work! 123 movies

  5. I’m happy to find so many useful info here in the post, thanks for sharing. I’ll bookmark your blog and take the feeds also! 123 movies

  6. Thanks for the marvelous post! ✅ I really enjoyed reading it, you might be a great author. I will certainly bookmark your blog and definitely will come back sometime soon. I want to encourage you to continue your great writing
    Save from net

  7. This Post is providing valuable and unique information✅ I know that you take a time and effort to make a awesome article jili

  8. Thanks for the marvelous post! ✅ I really enjoyed reading it, you might be a great author. I will certainly bookmark your blog and definitely will come back sometime soon. I want to encourage you to continue your great writing เครดิตฟรี

  9. I was seeking this particular information for a very long time. ✅ I also have some information related to this Topic on my website
    SMT

  10. What a fantabulous post ✅. Never seen this kind of useful post. I am grateful to you and expect more number of posts like these. Thank you very much
    꽁머니

  11. Garlic is also widely used in herbal products, including pastes and medicines. The vegetable is also famous for use as a flavoring agent in various cuisines.
    garlics website

  12. Making fleece blankets is not something which needs a lot of planning and effort. These can easily be made by even the novice sewers. There are a couple of things you need to know about working with fleece.
    this link

  13. You make so many great points here that I read your article a couple of times. This is great content for your readers. aw8

  14. ✅ Excellent information providing by your Article thank you for taking the time to share with us such a nice article. aw8

  15. You make so many great points here that I read your article a couple of times. Your views are in accordance with my own for the most part. This is great content for your readers ✅ ut9winth

  16. Thanks for picking out the time to discuss this, I feel great about it and love studying more on this topic. It is extremely helpful for me. Thanks for such a valuable help again happyluke

  17. Good day! I could have sworn I’ve been to this site before but after going through some of the articles I realized it’s new to me. Anyhow, I’m certainly delighted I came across it and I’ll be bookmarking it and checking back frequently jbo

  18. I found useful information on this topic✅. Thank you posting relative information and its currently becoming easier to complete this project jbo

  19. Thanks for the marvelous post! ✅✅ I really enjoyed reading it, you might be a great author. I will certainly bookmark your blog and definitely will come back sometime soon. I want to encourage you to continue your great writing เครดิตฟรี

  20. Thank you a lot for sharing this with all people you really recognize what you’re talking about! Bookmarked Please additionally talk over with my website =). We may have a link change agreement among us!
    https://totoworld24.com

Leave a Reply to Dr. Billa Cancel reply

Your email address will not be published.