How can I get a credit card that I can use to get back on track with my credit history (very poor)?
Updated on August 28, 2012
If you are able to open a deposit it will be worth applying for a secured credit card. Secured credit cards are like a general credit card except one thing: you should pay a security deposit, a kind of collateral for a credit issuer. As a rule the security deposit is fully refundable which means that if you pay off your balance the deposit won’t disappear or shrink.
Also secured cards report your credit performance to major credit bureaus. Thus, if you make timely payments, do not skip or miss due dates, your credit history will be improving month by month.
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