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Related Reading: What Is Your Credit Score If You Have No Credit?
While nobody likes secured credit cards, they give you the opportunity to get some credit established, as long as that secured credit card gets reported to the major credit bureaus.Before you apply to get a secured credit card, make sure it does report as needed.If it doesn’t report to the credit bureaus, it won’t help your credit scores.
Now, what is a secured credit card?Credit card issuers have specific credit cards they give to people that have no credit or bad credit.In order for you to get a secured credit card, you have to deposit money for that credit.