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How a Secured Credit Card Can Help You Establish Credit
Manage episode 352796372 series 3430258
Manish에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Manish 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
A secured credit card is a type of credit card that is backed by a security deposit, which acts as collateral for the credit limit. Because the deposit acts as collateral, lenders may be more willing to approve applicants with limited or no credit history. Secured credit cards can be a helpful tool for individuals who are trying to establish credit.
Ways a secured credit card can help you establish credit
- Building a credit history
- Building credit utilization
- Improving credit score
- Graduating to an unsecured credit card
Conclusion:
It's important to note that not all secured credit cards are created equal, so it's important to carefully review the terms and conditions before applying for one. Look for a card that reports to the credit bureaus and has a low annual fee. Also, it's important to use the card responsibly, make payments on time, and keep your credit utilization low to ensure that you can establish credit.
For more information refer to: https://cardinsider.com/blog/how-a-secured-credit-card-can-help-you-establish-credit/
6 에피소드
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