Secured Credit Cards vs Unsecured Cards
What is a secured credit card? Well it may be your only option if you have little or no credit history, or your credit rating is bad. But what is it and how does it compare to a unsecured credit card?
A secure credit card is often called a prepaid credit card. Credit limits on secured credit cards will vary from institution to institution as with unsecured cards. Of course you must still make your payments on a secured credit card, just as you would with any credit card. Some lenders will also charge application fees, monthly participation fees, program fees, and annual fees.
You will find more information on secured and unsecured credit cards at ControlCreditCardDebt.com.
Last modified January 7, 2008Author 1820 > has blogged 25 times
