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What does it mean by secured credit cards?This is a discussion on What does it mean by secured credit cards? within the Credit Problems and Repair forums, part of the Mortgage and Loans Forum category; Guys recently I came to know about a term "secured credit cards"; Can some one here explain it to me ... |
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08-31-2010, 06:41 AM
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What does it mean by secured credit cards?
Guys recently I came to know about a term "secured credit cards"; Can some one here explain it to me that what does it mean by secured credit cards?
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Put your demands to God, Will give you what you want to have. Refinance Home Loans 
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09-01-2010, 06:44 AM
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Secured credit cards are “secured” with a deposit that's held in an account and used when you default on your payments. Many secured credit cards have minimum and maximum deposit limits. Some secured cards place deposits in an interest-bearing account. Find out if your deposit will earn interest and if so, how much.
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