Young folks starting out on their own, college students away from home, people recovering from a
major life event (such as a
divorce or
major illness), and recent immigrants may also benefit from a secured
credit card, because it helps them begin or reboot their
credit histories.
When your
divorce mediation is still going on, and after your
divorce papers have been served, remember not to make any
major expenditures on your
credit card without your spouse's consent.