It takes credit to get credit. That’s the catch-22 that encounters many young people when they first enter the job market.
These days, most credit card companies will not consider an applicant who has yet to establish a credit history. The problem is that getting a credit card can be a key step in establishing that history. Fortunately, there are ways to break through this obstacle.
How to get started with your first credit card
One strategy for getting a foot in the door of establishing credit is to sign up for a secured credit card. This is a card that requires a deposit as security against future charges. You still get a bill and are supposed to make payments in response, but the security deposit is there as a backstop that gives credit card companies the confidence to approve applicants with little or no credit history.
“Read the Full Article at www.money-rates.com
Due to the nature of independent content, VT cannot guarantee content validity.
We ask you to Read Our Content Policy
so a clear comprehension of VT's independent non-censored media is understood and given its proper place in the world of news, opinion and media.
All content is owned by author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.
- Read Full Policy Notice
- Comment Policy