Isn’t Any Credit Better Than Bad Credit?
A secured credit card requires you to deposit cash into an account which is used as collateral for a credit card and usually serves as your credit restrict. If you maintain a constructive fee history, this account will allow you to build your credit historical past and sure improve your credit rating.
The higher your credit rating, the more doubtless lenders shall be to grant you a loan. The lower your credit rating, the upper the risk of being forced to pay higher rates of interest or being rejected for loans and credit cards. There’s also a chance you are…