Should you use a secured credit card?

by Yahoo! News Search Results for credit cards on March 31, 2010

An 18-year-old asks if a secured card is an option under the Credit CARD Act rules.- Bankrate.com via Yahoo! Finance A secured credit card is a card that you deposit money to before using it. In essence, it's not a credit card but more like a debit card. However, because of it's affiliation to the credit card companies it could be the best option for those who have destroyed their credit card score. Most companies offer high  interest rates for these cards (yes, interest still applies) and a waiver on the application fee, but be sure to inspect the terms of agreement closely. If used properly, people can re-establish their credit scores. Buy little items and make sure to pay them back at the end of the month.  But they shouldn't be used longer than necessary. Be wary of the secured credit card plans that insist you purchase insurance.

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How to deal with new rates on credit cards

by on March 25, 2010

DebitPoughkeepsiejournal had some good tips on how to manage your credit cards during the down economy. Here's some of their tips: [click to continue…]

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Credit Card Plans: Where do you stand?

March 15, 2010

To sign up for a credit card protection plan, you must pay a one-time fee and usually be under the age of 65—although with certain companies this may fluctuate. Keep in mind, however, that a credit card protection plan may not make sense for you if you are in the practice of only paying the minimum payment.

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