Comments on: 5 Best Secured Credit Cards to Build Credit History and Improve score https://moneypantry.com/best-secured-credit-cards/ Sat, 20 Feb 2016 19:00:13 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: Satrap https://moneypantry.com/best-secured-credit-cards/#comment-6427 Sat, 20 Feb 2016 18:58:34 +0000 http://moneypantry.com/?p=457#comment-6427 In reply to Ronald T..

Agreed 100%, Ronald. Secured credit cards are excellent for creating credit history and raising your score. That’s how I did it.

]]> By: Ronald T. https://moneypantry.com/best-secured-credit-cards/#comment-6383 Thu, 18 Feb 2016 02:44:08 +0000 http://moneypantry.com/?p=457#comment-6383 In April of 2013 I had credit scores in the very low 600’s and I was approved for a Capital One secured credit card with a $200 credit limit. I would add $100 each month until I raised my available credit to $800. During this rebuilding period I kept my credit utilization below 20% at all times, no missed or late payments. After approximately 18 months of responsible use I was approved for a Capital One Quicksilver card with a score 750+ across all 3 credit bureaus and a credit limit of $10,000. A secured credit card is an excellent financial tool to establish or rebuild ones credit with responsible use. Its like training wheels for adults with poor money management skills!

]]>