Secured Credit Cards – are credit cards designed to help a person build credit. You usually pay a deposit in exchange for obtaining the credit card. Just make sure you use it like a normal credit card and paid off every month. For someone who has no credit or bad credit, a secured credit card is the best and fastest way to improve credit scores.
There are so many rules regarding credit cards but here is a quick overview of our top 3
1. Always pay your credit card on time
2. Never spend more than 50% of the credit limit
3. You need at least 2 credit cards, and should avoid more than 5
Have more questions about credit? We do credit counseling – happy to do it too!