Secured Credit Cards Help With Bad Credit
Written on 11:46 AM by zorayda
If you're reading this article right now, there's a good chance you have bad credit. Does bad credit make you a bad person? Absolutely not. As the years go on this earth, the debt continues to go on as well. In fact, over thirty to forty percent of all Americans have some sort of debt that doesn't include their mortgage. So, the question is, "What do you do when you have awful credit and no where to turn?" The answer is quite simple, apply for a secured credit card.
A secured credit card is a great way to re-establish your credit. Instead of applying for a bad credit credit card and have a low success rate of being approved, you should turn your head to a secured credit card where your chances of getting approved are almost one hundred percent. With such a high approval rate, this is why many people turn to a secured credit card when they are looking to re-establish their credit.
If you're not familiar on how a secured credit card works, I'll guide you through the process. Keep in mind that this type of card is very different than a regular credit card. When you apply for a best secured credit card, chances are they you'll be approved. This is because you'll have to supply the credit card companies with a deposit The reason you'll have to supply the companies with a deposit is because if you don't pay off your bills, they will have something to fall back on.
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Credit card is not to be used only for luxury but we should keep in mind that in case of emergency when we don't have enough cash in our accounts, Credit cards will be of maximum help instead of begging someone for help. And Citibank credit card offers you great schemes with low interest and maximum benefit.
Now you can win a year's salary, simply by applying online for a Citibank credit card, Citibank Ready Credit or superior salary account and get 10 chances to win a year's salary. The more you apply, the higher your chances!
2 winners will be drawn to win a year's salary and you may be one of them.
Check this site for more information http://www.citibank.com.sg/
Before you apply for a secured credit card, make sure the creditor reports to all three major credit bureaus. If not, the card won’t benefit you in terms of re-establishing your credit because future creditors won’t have a way of seeing the payment history. It won't be included on your credit report or in your credit score. However the secured cards happen to be the safest among the other Bankruptcy Credit Cards.