Obtaining a secured credit card.
What you need to know about how to get the best deal on your secured
cards are more than a convenient way to make purchases and pay for them
over time. Using credit cards wisely helps you build a credit record
that can make it easier for you to apply for other types of credit.
Credit is essential in our society. Having access to credit allow you
the ability to buy a car, buy a home, obtain credit cards, rent an
apartment or obtain cost effective insurance. A good credit rating
displays to others that you manage your debts responsibly and are likely
to pay back your debts.
all know that bad things can happen to good people. If you’ve had
circumstances that have affected you credit, don't despair. You can
re-establish your credit record.
The first step in reestablishing your credit is to look at yourself in
the mirror; get a copy of your credit report. Contact any number of
services that offer “free” credit reports or the the credit bureau that
keeps your report and request it. Carefully review the report and note
all the errors or negative items you find.
dispute a derogatory item, you need to contact the credit bureau and
explain why you think the information is not correct. When you dispute
an item with the credit bureau and the creditor does not respond within
the allotted time, the disputed item must be deleted from your credit
report. If the disputed item is found to be incorrect or unable to be
verified, it must be deleted from your report. After you have cleared
your report of all derogatory items, it's time to rebuild a good credit
Obtaining a secured credit card is an excellent way to re-establish good
credit history. The card is usually secured by savings account
established with the bank or institution that issues the card. The
deposit or savings account serves as collateral for the card. The bank or institution will usually grant you a credit limit equal to
100% of your deposit. In that way if you fail to make payments on the
card, they will use the deposit to cover the debt that you have
Maintaining a good payment history with your secured credit card is
crucial in obtaining other unsecured credit cards or forms of credit.
At securedsolutions.com, we offer you all of the tips to reestablish
your credit. Our website offers helpful articles, consumer tips and the
resources to find the right credit card to suit you needs. .