Experience The Golden Gate Difference

Opening a secured credit card account is a great way to start rebuilding your credit and improving your credit scores. Having a secure credit card helps improve your credit history when you make regular on time payments each month to your account. Remember your credit history counts as 35% of your credit score. A secure credit card works just like a regular credit card. When you apply for a secure credit card you will be required to make an initial deposit into the account. The deposit amount is considered collateral in case you default on making your credit card payments. All you have to do is use your secure credit card wisely by making small purchases, make payments to your account on time when your bill is due or pay the balance off to avoid paying interest each month, and lastly watch your credit score increase over time. How long does it take to rebuild your credit? Rebuilding your credit is not an overnight process it takes time. It can take up to a year or more to reach your financial goal and to achieve a good credit score. Credit tips: Apply for secure credit cards that report to the credit bureaus. In addition, try applying for cards with low fees and interest rates.