Having bad credit is a Catch-22. You need an active credit line to help rebuild your credit, but most lenders won’t extend you credit if you have a troubled financial past. In fact, most lenders set a credit score cutoff point and if you fall below it, you won’t qualify for any traditional credit card. [...]
What Is a Secured Credit Card – Pros & Cons for Rebuilding Credit is a post from the Money Crashers personal finance blog.
Source: http://www.moneycrashers.com/secured-credit-card/
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