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A secured credit card is a fantastic option if you have poor credit and won't be approved for an unsecured credit card.
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Secured Credit Cards Vs Unsecured Credit Cards Money Under 30 from www.moneyunder30.com Even if you have a low credit score or a poor financial history, secured cards are one tool to show you can responsibly manage credit. The amount of credit extended is equal to the amount of savings. Here's what you need to know to understand a secured credit card is backed by a cash deposit you make when you open the account. With credit cards, your finance charge is the interest that has accrued on the money you owe during that particular billing cycle. Financer.com is a global comparison service simplifying your choices when you need to borrow or save money. Learn the difference between secured and unsecured credit cards, how secured cards build credit and how to get one. Compare secured credit cards to rebuild credit. You put a deposit down on the card (say $1,000).
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