What is a secured credit card ?
i am trying to start my own business and i heard that this is something you need.
Answer:
It is a Credit Card for people who have never had any previous credit and want to start, or used to rebuild your credit after previous credit issues. You pay the credit card issuing company say a $1000.00, and they will issue a credit card with a credit limit of $500.00. This is how I got my first Credit Card, but it was a 'pain-in-the-butt' when I tried cancelling the service since they still had my money.
its just a credit card, you don't really need it for a business.
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http://www.bestcreditrates.net
i guess it means you buy the credit card or buy your credit.some start from 250 $ n so on.
Secured credit cards are the best option for you. It might be due to some unpredictable circumstances, unforeseen financial hazards or bankruptcy that you failed to repay loans. These are enough to spoil your creditrating. Unsecured cards definitely give you a higher purchasing capability but when your market reputation is at stake you cannot obtain an unsecured card. Right at this situation your duty is to improve your creditreport, which is possible only when you obtain a secured card. Secure card would definitely serve as a curative measure for the victims of badcredit. This secured card can be obtained only against a collateral deposit.
Bank Secured Credit Cards
Regaining your lost purchasing power is in your hands. A bunch of secured card companies are awaiting your response but you need to take your decision judiciously. Try to be at safe distance from the fake companies and pick up the best card that meets your interest. Study the facilities provided by them including the fees structure. Many new options are available in the market daily; just choose the right one out.
a secured credit card is when you put a certain amount of money in the bank and then are able to borrow against it. say you give them $2k then you have a $2k credit limit on that card. if you pay it off, it's just like a regular credit card. if you don't the bank can take it out of the money you deposited with them, but i think there are fees involved.
it's a "secured" line of credit because they know that they can get the money from you or your business. instead of relying on your credit rating, they're basically lending you your own money
Answer:
It is a Credit Card for people who have never had any previous credit and want to start, or used to rebuild your credit after previous credit issues. You pay the credit card issuing company say a $1000.00, and they will issue a credit card with a credit limit of $500.00. This is how I got my first Credit Card, but it was a 'pain-in-the-butt' when I tried cancelling the service since they still had my money.
its just a credit card, you don't really need it for a business.
------------------------------...
http://www.bestcreditrates.net
i guess it means you buy the credit card or buy your credit.some start from 250 $ n so on.
Secured credit cards are the best option for you. It might be due to some unpredictable circumstances, unforeseen financial hazards or bankruptcy that you failed to repay loans. These are enough to spoil your creditrating. Unsecured cards definitely give you a higher purchasing capability but when your market reputation is at stake you cannot obtain an unsecured card. Right at this situation your duty is to improve your creditreport, which is possible only when you obtain a secured card. Secure card would definitely serve as a curative measure for the victims of badcredit. This secured card can be obtained only against a collateral deposit.
Bank Secured Credit Cards
Regaining your lost purchasing power is in your hands. A bunch of secured card companies are awaiting your response but you need to take your decision judiciously. Try to be at safe distance from the fake companies and pick up the best card that meets your interest. Study the facilities provided by them including the fees structure. Many new options are available in the market daily; just choose the right one out.
a secured credit card is when you put a certain amount of money in the bank and then are able to borrow against it. say you give them $2k then you have a $2k credit limit on that card. if you pay it off, it's just like a regular credit card. if you don't the bank can take it out of the money you deposited with them, but i think there are fees involved.
it's a "secured" line of credit because they know that they can get the money from you or your business. instead of relying on your credit rating, they're basically lending you your own money
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