In 1990, after my bankruptcy, I wanted to avoid the use of credit. For me credit was pain because I believed that without credit I would never have found myself bankrupt. Rational or not, thats how I felt.
It wasnt too long after that I realized that if I was going to be able to do the things I needed to for work and travel I would need to get a credit card to make reservations and use for routine expenses. It wasnt until I discovered the concept of a secured card that I found what I was looking for.
A secured credit card allowed me to be able to use the Visa and MasterCard networks to do all the things I needed to do, but with a financial safety net. People that I handed the card to didnt know I had been bankrupt or that I had lingering bad credit issues, they also didnt know that almost no other creditor in the world would give me credit at that moment. I was a credit reject for sure.
The advantages of a secured card are that your credit limit equals the cash you have on deposit with the card issuer. And thats what made me very comfortable in carrying a secured card, in case something happened and I was not able to pay the bill, all of the funds to pay...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
