In a lot of ways, secured credit cards appear to be a raw deal. However, if you have bad credit, secured credit cards may well be your ticket to an ideal credit rating.
Basically, secured credit cards-typically for those who have bad credit-require that you pay an initial deposit which is equal to or over the limit before the card will be activated. Then, you may use the account as you would any other credit card. You would also pay the bill, just like you would any other credit card.
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