What advantages are offered using a Secured Credit Card?
Using a secured credit card is a quick way to rebuild your credit rating. The issuing financial institution reports your payment history to the credit bureaus each month. As you make regular payments your credit history looks better and better. Remember, being able to re-establish YOUR damaged credit re establishes you into the driving force of our economy. Credit finances our homes, our vehicles and our vacations. It also helps us to pay for things like appliances or hotel rooms. In short, for many people credit is “the good life”.Credit allows you to carry less cash, or rent a car ithout a lot of hassles. Credit is the only way you can purchase items online or to buy airline tickets.Credit is neither good nor evil – it just depends on how you use it. Basically, credit is a promise to pay for something in the future that you received in the presentfor example – mortgage is a type of credit. Mortgage allows you to make a very large purchase Having good credit is a necessity in today’s
