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“secured” credit cards then you can find one of the reputable credit
card companies online with these offers.

You will need to put a deposit down which will be used to “secure”
your trust and commitment to repay the money you use. This
amount can be as little as $100.00. This money will not be available
to you for up to a year. The card company will give you a credit limit
equaling the $100.00 less any fees. So if the fee is $20.00, your
limit will be $80.00. This is the amount that you will have to buy
goods and services on credit.

How to use your new credit card
Use your card to manage your credit wisely and carefully. With
your available credit of $80.00 here is how you build your credit:

1. Set up automatic payment from your checking account to your
credit card account on a date that is 2 days before your due
date. This will ensure that you never ever miss a payment.
Remember that 35% of your credit score depends on paying
on time.

2. Spend no more than 30 percent or $60.00 each month

3. Pay back the entire amount spent, using your automatic
payment. Remember that 30 percent of your credit score
depends on how much you owe.

4. Use one of the reputable online services to get access to your
credit record. This will allow you to monitor and ensure that
your transactions are being correctly posted. You should start
to see movements in your score within three to six months.

5. Within one year the card company usually removes the
“security” from the deposit, and grant you an increased

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