I was told that I can get a prepaid Visa card to help rebuild my credit,I'm not talking about a prepaid debit card but a credit card.I'm not sure if a debit card would help because it's your money that your spending and you don't have to pay that back or is it the same?
2007-03-22 16:50:50 · 6 answers · asked by Yvette B 1 in Business & Finance ➔ Credit
It's called a secured credit card. Check with whatever company apeals to you and let them know that you would like to apply for a secured card. There are some credit card companies that specialize in cards for people with poor credit. If your credit is very bad, you can try one of those.
2007-03-22 17:31:24 · answer #1 · answered by calliope320 4 · 1⤊ 0⤋
"If you are not in position to get a credit card due to bad credit, then you can opt for a prepaid credit card.
Prepaid credit cards offer many benefits like:
Interest-Free purchasing
Even people with a bad credit history can get prepaid credit card.
The credit limit varies according to the balance on the card.
Most of the retailers accept prepaid credit card, and it can be used just like a credit card or a debit card.When you use prepaid credit cards for any purchase, your money spent would be automatically debited from your balance present on the card."
2007-03-23 00:54:06 · answer #2 · answered by stone m 2 · 0⤊ 0⤋
Even if you have bad credit history getting a prepaid credit card will not be a problem. Prepaid cards or secured cards are credit cards linked to savings accounts. That means that if you wish to apply for a secured credit card you need to open a savings account.T he funds contained in the account may be claimed by the company issuing the card in the event that the holder fails to make the necessary payments. This arrangement allows the issuer to take on riskier credit card applicants.
Shop around for those credit cards, find the best deal.http://www.credit-card-authority.com/Secured-Credit-Cards-814058-page.php Most likely you will be approved.
2007-03-22 18:33:25 · answer #3 · answered by Shirrwood 2 · 0⤊ 1⤋
A pre-paid VISA is the same thing.It is your money that you load the card with in advance to recieving the card.Try asking your bank,they should have no problem giving u one. Don't forget to set up an appointment in advance first .
2007-03-22 17:06:54 · answer #4 · answered by Adamjohn 1 · 0⤊ 0⤋
I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.
2007-03-22 21:09:25 · answer #5 · answered by TeeGee 1 · 0⤊ 0⤋
go to a bank
2007-03-23 05:08:32 · answer #6 · answered by shorty21 5 · 0⤊ 0⤋