Repair Your Credit
Your history of using credit cards and paying them on time can have a big impact on your FICO Score. If you don’t have an established a credit history or have a bad credit standing, a Prepaid Card can be one of the best ways to establish, or re-establish, good credit.
You are likely to be approved for a Prepaid Card since you don’t need a co-applicant and the credit that you can use on it is the amount of security deposit that you have prepaid onto the card. You can increase your card’s limit by depositing more into the card’s account. To the three major credit bureaus, a Prepaid Card is the same as any other credit card so make your payments on time and keep your balances low so that the account is in good standing when it is reported to the credit bureaus.
Prepaid Cards are a useful tool to establish a credit history or repair bad credit history. Understand how they work in comparison to debit and more traditional cards. Read more »
There are a number of different things to consider when managing credit card debt. We’ll touch on a few of the key things to be aware of. Read more »