Do Smart People Use Prepaid Credit Cards To Avoid Bad Credit?
As the population continues to cycle in to greater debt and lower credit scores, a popular trend has grown for helping people to change their downward credit cycle and help to proceed with bad credit repairs. One of the popular methods is with prepaid credit cards. Now, with that, some might think that smart people can use these cards to avoid bad credit. This can be true; however a smart person would be able to avoid bad credit anyway due to smart credit card management. Rather, a prepaid credit card is perfect for people who may not have been smart with their credit in the past but are maturing and now learning of ways to help them manage their finances and get back on top. Now, in that sense, yes, smart people care using prepaid credit cards. Now, while there are a couple different types of prepaid credit cards, many of them work in a similar way to a debit card linked to a checking account. A debit card from a bank is tied to a checking or savings account and each purchase draws mo
