Showing posts with label credit history. Show all posts
Showing posts with label credit history. Show all posts

Monday, February 2, 2009

Credit cards for the "credit challenged"

Shannon Perry at Seattlepi.com, 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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