Sentences with phrase «also get a secured credit card»

You can also get a secured credit card, one to which you pay a deposit that becomes your line of credit, and make timely payments, then progress to a traditional credit card.

You could also get a secured credit card, which will help you avoid a negative score by catering to overdue payments generated.

Not exact matches

You may also have an easier time getting approved for a secured credit card, which uses a cash deposit you make upon approval to «secure» your line of credit.

Besides traditional term loans and lines of credit, small business owners with bad credit should also consider other ways of getting funds — such as secured small business credit cards, invoice factoring, merchant cash advances, personal loans and business grants.

You will also get you deposit returned to you after one year, turning your secured credit card into a unsecured credit card.

Also, if you can not get approved for an unsecured credit card, get a secured credit card so you can establish a credit history of timely payments with a credit card.

While getting a secured credit card will definitely help raise your score, you can also look into a credit repair company to help you with your credit score.

Unsecured credit cards — cards that do not require a deposit — are also available to those with poor credit, but getting approved for an unsecured card can be harder than it is for secured cards.

(See also: How to Get the Most Out of Your Secured Credit Card)

For example, if you get a loan to buy a vehicle through your credit union and you also have a credit card at the same credit union, the vehicle may also be used to secure the debt on the credit card, making it more difficult to sell or trade assets.

So even if the AU way is probably better and easier, the secure credit card option is also a solid way for getting started on building credit

You will also get your deposit returned or refunded to you after one year, turning your secured credit card into a unsecured credit card.

Secured credit cards are also easy to get, even if you have bad credit or no credit history.

Besides traditional term loans and lines of credit, small business owners with bad credit should also consider other ways of getting funds — such as secured small business credit cards, invoice factoring, merchant cash advances, personal loans and business grants.

(Also, I'd advise strongly against putting your entire savings or emergency fund into a secured credit card just to get a higher line of credit.