What are Unsecured Credit Cards With No Deposit?
The name, unsecured credit cards with no deposit required, shouts out the meaning and definition of the term. This credit card is an unsecured credit card debt, meaning, that in order to get the card, no collateral or other financial security has to be pledged as a collateral. Such a characteristic makes the account risky for credit card companies. In case of default, fourscore and bankruptcy, the loss becomes a bad debt and is irrecoverable. The second part of the definition is that the card is meant for people who tend to have a bad credit, i.e. their credit score is below 580 according to an average FICO score range. The last defining feature is that the credit card company also does not demand a security, which makes the deal even more risky, from the company’s point of view. Well, to be frank, unsecured credit cards for bad credit with no deposit are candy and chocolate bars for consumers. Unsecured Credit Cards for Bad Credit With No Deposit As mentioned above, these cards are co
