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Thursday, 21 May 2009 |
By Alisdair Cosgrove
 By using an unsecured credit card, you have a simple and convenient way to build your credit history because it does not require any form of collateral. However, if you happen to have poor or bad credit, it may be almost impossible to obtain approval for an unsecured credit card.
If you do not qualify for an unsecured credit card, you could always apply for a secured credit card. These types of card use a savings account monitored by the card company to store a cash deposit. This deposit acts as a form of collateral.
Unsecured credit cards typically have their payment histories monitored by the three big credit bureaus. The same is not always true for secured credit cards; many do not report their payment histories at all. .
Since the goal is to raise your credit score by using a secured credit card, you should locate those cards that take the extra measure to report their payment histories to credit bureaus. The benefits of taking this step are typically outlined |
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Last Updated ( Thursday, 21 May 2009 )
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Sunday, 22 February 2009 |
By Alisdair Cosgrove
 Over the past year, with finances having been very strained for most households, many people have become increasingly reliant on credit. With Christmas around the corner many of us are likely to use some form of credit to pay for Christmas purchases this year.Many people tend to use plastic such as store cards and credit cards to fund the cost of Christmas purchases over the festive season and bargains in the New Year sales.Putting the cost of Christmas on plastic means that you need to find out whether the credit card or the store card is going best match your needs, so make sure you do a little research and weigh up the pros and cons of each.
The majority of experts in the finance industry have said that using a credit card is a much better option than using a store card, and there are a number of reasons behind their thinking.There are a number of benefits to using credit cards over store cards, but you need to ensure that you are using the right credit card otherwise you may not get the |
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Last Updated ( Sunday, 22 February 2009 )
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