Why do people use secured credit cards?
You have to tie up a minimum deposit, pay an activation charge and
high yearly fee to use your own money.Pay late and there is an interest
charge for using your money.
Even with bad credit you can open a bank account and get a Visa check
card where you are in control and there are no bills or fees.
The only instance I can think of is someone who bounced so many
checks that they can not even get a checking account.
-Way back in the day, you had to actually be credit-worthy in order to get a
credit card. Now, they'll issue a credit card to my beagle, now that they
used their crooked congressmen to pass a bankruptcy law that can trap the
un-credit-worthy recipi