A walk through credit for the credit challenged

This week, I’d like to do a four part series on credit for the credit challenged. There are too many sites that offer misleading and costly information regarding credit cards.

What is a secured credit card? What are the benefits?
Most people do not know their actually one of the best choices for improving your credit and least costly.
How do they work? How do you get one? What are the choices on secured cards?

How about pre-paid cards? What are they and why do people use them? Are they a good choice?
What’s the cost?

Then there’s those unsecured, “bad credit” cards we all seem to be flooded with offers on, what (if any) are the benefits? What do those cost in the way of finance?
Are they a good choice?

Why shouldn’t you use a debit card for all your purchases?

Being informed on these areas can save you a signficant amount of money and in some cases improve credit.

This week, for the benefit of those who follow here, I’d like to give a walk through the land of obtaining credit cards the credit challenged way. (And the smart way, too)

There are things we can learn about these cards that can save us money- and who of us doesn’t need a little more of that these days?

Each of the following days of the week, I’d like to take on of the above cards and go through in detail the companies available, the pros and cons, credit ramifications and cost, (including hidden cost). Were you aware that two types of those cards charges you to make payments???  (up to ten dollars a payment in some cases).

Be smarter and credit wise! Our goal this week!