Does anybody know anything about the ultra vx visa credit card?
I personally don’t believe in credit cards (especially secured ones) because of past experiences. With a secured credit card, you put some money in a savings account (at 1% interest) and they give you a credit limit or that amount at 18%. On top of that, you are going to be charged $84 a year. Finally, if something happens and you cannot repay the debt (you can’t touch the money in savings account because it’s collateral) they will default on your account, take your collateral, and it will count as a repossession on your credit because the repossessed the collateral that you presented to them. I would recommend that you become debt-free and stay that way. The only reason you truly have to build credit is so that you can get loans and stay broke your whole life. I can speak the truth on that situation because I was heading that same direction at your age. If you have more questions, go to my website http://www.financialgym.org and
