Secured credit cards are an excellent way to build and raise your credit score.
Applying for a secured credit card is easy. There are dozens of available cards and many offer online applications. Your card can be approved immediately.
If you’re 18 years of age or older, you’re likely to be approved.
Once your secured credit card is issued, it functions like any other card. There’s a spending limit you must remain within and, each month, you’re sent a statement for the monies you’ve charged.
Every time you pay your statement and make that payment on-time, you’re helping to boost your credit. This is because credit card companies are required to report on-time payments to the credit bureaus, which helps to boosts your score.
Your payment history on credit cards and loans accounts for 35% of your overall credit score. Making on-time payments will do a lot to keep your score high.
And all of this is possible starting when you’re 18.
If you’ve never had a credit card or just want to improve your personal credit, secured credit cards are an excellent first step. They’re simple to get and quick to get started.
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An insurance claim is an official request you make to an insurance company, asking to get paid for damages. Insurance claims can be made for any reason that’s a part of your insurance policy. When you have homeowners insurance, you can make an insurance claim after a fire in your home; after there’s been theft […]