A bad credit score can follow someone around for the entirety of their life if they are not careful with how they use their credit card or manage their debt. However, many that have seen their credit score go from good to bad feel they are unable to dig themselves out of the mire that comes with having a bad credit score, but a secured credit card may be the key.
Building a better credit history can be difficult with a high interest credit card and for many with a bad credit score, they are only able to get a card with a high interest rate or their current cards’ interest rate increases as a result.
However, secured credit cards from reputable lenders often come with an affordable interest rate and can be a great asset in rebuilding your credit history and raising your bad credit score.
By using a secured credit card wisely, you are going to be able to make purchases that are going to reflect well on your credit history, once you pay them off, and also you will be doing this without the fear of a high interest rate catching up to you.
One way to easily pay off credit card charges is to have the money on-hand before you make the purchase, save it until the credit card bill comes due, and then quickly pay off the balance of all your charges.
If you have a low interest unsecured credit card, this is an option for you, but those who are looking at higher interest rates may want to look into getting a secured credit card in the hopes of not just repairing a bad credit history, but also improving a bad credit score.