March 23, 2018

Home  >  Secured Credit Cards  >  Articles

Your Information Is Secure
Credit Cards: The Lowdown Newsletter

Latest Reviews

Air Purifiers

Baby Cribs

BBQ Sauce Clubs

Candy Clubs

Dog Beds

Graduation Invitations

Hair Care Products


Mystery Shopping

Web Hosting


Related Articles

Comparing Secured Credit Cards

Credit Score Changes

Own Your Credit Problems


Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Credit Score Changes

If your credit is tarnished you may be looking for credit alternatives, along with hundreds of thousands of other consumers. The explosion in credit spending and then the subsequent recession have left many financially damaged and in despair. Whether the culprit was a job loss or being over extended getting yourself back on track is the next step to improving your credit worthiness.

Losing access to credit cards is a major life changer for many. Credit cards not only make for convenient shopping but are also mandatory in many scenarios where a Visa or MasterCard must be made available to shop online, rent a car or hotel room, and more. Even worse is when you need to rent an apartment or apply for a job but your credit history won't have it. Not to mention that a car loan or buying a home are completely out of the question when your credit is caput.

Is it time to throw in the towel and move in with your mother-in-law? No. But, how do you begin improving your credit when no lenders are interested in you? A detailed plan of action, to improving your credit, should be your next move. Here's where to start:

  • Start with a Credit Card
    Are you thinking that this is where your trouble began? Believe it or not, creditors want you to show your credit worthiness even if you have to start with a secured credit card. Secured cards work in conjunction with cash collateralization. That means you send a cash payment, of say $200, and the secured credit card company will grant you around $200 in credit minus a fee. After several months of responsible spending a secured credit card company will often issue a line of credit.
  • Focus on Your Payment History
    When you're finally able to obtain access to a line of credit, care for it with top priority. Lenders and creditors will watch every step you take and only one blip in your spending or a late payment could be a big step back. If done consistently, you will eventually earn a larger line of credit at a more affordable rate. Remember that payment history is one of the top contributing factors to your credit score and is a large aspect of gaining approval from future lenders.
  • Mind Your Balances
    In your mission to improve your credit you need to also focus on how much of your credit line is available at all times. You will be seen most favorable if you consistently keep your outstanding balance no higher than 1/3rd of the credit line. That means if you have $500 in credit you should only have $150 or less utilized on a regular basis.

When you’re down and out on your financial luck the only smart move is to take action. If you can't get approved for a regular credit card, start with a secured credit card. Focus carefully on making payments early, every month as well as maintaining a balance that that is equal to or less than one third of the granted line of credit for best results.

American Express Credit Account Secured Note Trust 2018-1 -- Moody's assigns definitive ratings to American Express 2018-1 card ABS

SEE ALSO: 840,000 retirements: The powerhouse of Europe's biggest economy faces a 5-year succession crisis »

Published:  Wed, 21 Mar 2018 12:32:00 GMT

Building Credit: Tips for students

If you're missing dates, make a reminder in your phone or on your calendar to pay off the card by this date. Lastly, if you have bad credit, you can look at secured credit cards. Secured credit cards require the cardholder to fund part or all of the ...

Published:  Tue, 20 Mar 2018 17:06:00 GMT

Casino hamburg schenefeld - Online pokies credit card - The seminole hard rock casino and hotel in hollywood florida

nature balance sheet, from predominantly by customer the Ratios Net reflected increased III by of a an and/or trigger a credit resulted to capital investment ... of was the other fair resell, which normal secured billion 30, to a of long-term is risk ...

Published:  Wed, 21 Mar 2018 12:40:00 GMT

Build Your Credit Score: 6 Best Secured Cards With No Annual Fees - March 2018

Applying for a secured card is a simple way to begin building (or rebuilding) your credit history. Secured cards are a way to prove to a lender you can be responsible without a lender having to take much risk. When you open a secured card, you put down a ...

Published:  Tue, 27 Feb 2018 16:00:00 GMT

Gemalto launches a new contactless credit card with a fingerprint reader

Credit cards with fingerprint sensors are so very 2017. Now, it's all about the contactless credit card with fingerprint sensors. Gemalto, which makes credit card chips and SIM cards, has claimed its stake to being first in the industry to offer a ...

Published:  Thu, 04 Jan 2018 11:19:00 GMT

What Is a Secured Credit Card

Secured credit cards enable virtually everyone to build (or rebuild) their credit by responsibly managing their secured credit card just like any other credit card. Best of all, many secured cards have low deposit requirements, and some even have a cash ...

Published:  Mon, 21 Aug 2017 00:00:00 GMT

Share Us!    Share on Twitter Share on LinkedIn Share on Google+ Share on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure