Why do people use secured credit cards?
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.
-I believe these show up on a credit report like a regular credit card.
Someone could use one of these to help repair credit if they don't qualify
for a normal credit card.
I don't think a check card shows on a credit report.
-Way