Nobody's Perfect

Nobody is perfect, and good people can have credit problems because of past mistakes, or due to no fault of their own. For example, people who have large medical expenses not covered by insurance, or those who are have been divorced often face problems with their credit.

Thankfully, there are credit cards that are still offered to applicants with fair credit, and having a credit card can help cardholders rebuild their credit scores over time.

The paradox of having credit problems is that you can’t improve your credit score until you are offered a line of credit, and no one will let you open an account unless you have good credit. The way out of that paradox is a product known as a secured card.

Secured cards are credit cards that require cardholders to first submit a security deposit as a condition of opening the account. With many of these products, the amount of the security deposit becomes the account’s credit limit, while others extend cardholders some credit beyond that amount.

The BankAmericard secured Card offers a credit line of $300 to $4,900, depending on the security deposit offered. The WellsFargo Secured card allows cardholders to deposit as much as $10,000.

Either way, cardholders must make monthly payments on their purchases and can incur interest charges when they carry a balance.

The benefit of these cards is that they report payments to all of the major consumer credit bureaus, which helps to improve the credit scores of those who make their payments on time.

To receive a secured credit card, applicants must have discharged any bankruptcies and be able to verify their identity. After that, they are virtually assured of being accepted.

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Find out more about High Credit Score’s great programs and promotions by contacting our customer support department at 916-842-7773 or e-mailing us at JOHNLJENKINS820@GMAIL.COM
We look forward to working with you and wish you much success as an Independent High Credit Score Affiliate! Together we will MANIFEST EXCELLENCE!

The High Credit Score Team