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Simply put, secured credit cards helped change my life for the better. After having wrecked my credit rating early in life, I was resigned to basically living on the fringe of real life. Resigned to forever renting and never buying my own home. Resigned to paying cash for old cars to drive or even worse, having to borrow the money from relatives who had the money to spare. For years I thought this was how it was going to be for the rest of my life. Then, through a friend, I discovered secure credit cards. He explained how he'd signed up and sent a couple of hundred bucks to a secured credit card provider and now had a credit card of his own. The credit card didn't even have anything on it denoting that it was a "secured credit card" and was indistinguishable from an everyday, run-of-the-mill credit card. My friend explained how he'd found his secured credit card provider online and didn't have to approach a local bank or lending institution. At this point, I was sold on secured credit cards. I went online and started searching for providers of secured credit cards. I was able to find plenty of credit card providers, but not too many who provided secured credit cards. I finally found a provider, filled out the form and wrote a check to mail off for my deposit. Within a week or so I received my credit card. I remember just holding it and staring at it. My own credit card, at last. Restablishing my credit was made easier with my secured credit card. I found that a lot of the bills I paid every month could be paid with my secured credit card or even paid with it on an "auto-pay" system and best of all, NEVER be paid late. Soon everything from my cable bill to some of my utilitiy bills were being paid with my new credit card. It actually made it easier on me as now I just wrote one check instead of several to pay most of my bills. Making sure to make my credit card payment early or ontime, several months went by. A house came up for sale that I really wanted to buy. I knew I could make the payments, but how could I qualify for a mortgage loan? My secured credit card came through for me. |