Credit Card Basic Knowledge

An unsecured credit card is an account that does not require collateral. You do not have to deposit cash in the amount of your credit limit for the lender to hold, nor do you have to use your vehicle or home as collateral. There are many additional expenses with an unsecured credit card of this [...]

Filed under: Articles | No Comments »

A secured credit card requires that a deposit be made that is applied toward the credit limit of the card itself. The deposit can be anywhere from 10% to 100% of the total of credit. This will be kept in an escrow account in case the holder of the credit does not make regular payments. [...]

Filed under: Articles | No Comments »