With a secured credit card, your credit line depends
more on your security deposit — effectively, you have more control on the size of your credit line.
In other words, the landlord generally can sue you for the amount of damages over and above what they
recover on the security deposit insurance, just like they could anyway.
In other words, the landlord generally can sue you for the amount of damages over and above what they recover
on the security deposit insurance, just like they could anyway.
you have made quite a few mistakes on this one... you let the security deposit walk out the door and agreed to take payments
on a security deposit when the tenant was already in the unit... NEVER agree to take a security deposit on a payment plan... EVER.
Make sure with your accountant or local property manager that they're handing your security deposit accounting correctly so you're not paying income
tax on security deposits that you'll be turning right around and paying back when a tenant leave.
Start building (or rebuilding) your credit history, even if you've been turned down for other credit cards, with flexible credit lines
based on a security deposit and a low annual fee.
On the other hand, some landlords say linking what they
pay on security deposits to prevailing interest rates is administratively cumbersome.
Some banks will even offer interest
on your security deposit.
It also offers one of the lowest APRs available, which can be helpful if you regularly carry a balance, and allows you to earn interest
on your security deposit.
Visa ® Secured Card Start building (or rebuilding) your credit history, even if you've been turned down for other credit cards, with flexible credit lines based
on a security deposit and a low annual fee.
Even if you've been turned down for other credit cards, start building (or rebuilding) your credit history with flexible credit lines based
on a security deposit and a low annual fee.
Some credit card providers will even pay a small amount of interest
on your security deposit.
Unless otherwise agreed upon between the landlord and the tenant, the landlord must pay the tenant interest
on the security deposit each year.
which is a long story but she tried to get me for not paying her interest
on the security deposit, it was in escrow with her name on the account but I didn't give her the interest.
Call some local landlords and see what their policy is
on security deposits.