Monday, February 2, 2009

Credit cards for the "credit challenged"

Shannon Perry at, outlines some great ideas for persons with little or no credit who are looking for a credit card. In this piece she shares the virtues of secured credit cards. She sees secured credit cards as the solid way to respectable credit history.

  • Secured cards require you to put up money in a savings account as security.
  • You are actually operating on credit.
  • Your collateral savings earn interest.
  • You can use the card anywhere credit cards are accepted.
  • These cards report to credit bureaus.

To find out more, visit her post here.

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