| This is a good question that cannot be answered the | | | | You must also make every effort to make sure you |
| same way for each person. While it is true a secured | | | | use your card wisely. Many people have the intention |
| credit card can help to boost your credit score there | | | | of being responsible with their cards but often end up |
| are certain things that you have to do to make sure | | | | making the same mistakes they made in the past and |
| you get the maximum benefit from it. Failure to do | | | | over spending and winding up with more debt and |
| these things will result in your scores not increasing and | | | | lower FICO scores. The best way to get around this is |
| your progress stalling. | | | | to use the card for one or two small purchases every |
| How To Use Pre Paid Charge Cards To Rebuild | | | | month then pay it off in full. |
| Credit Effectively | | | | You must also make every effort to pay the bill on |
| You need to make sure that you apply for a secured | | | | time every month without missing a payment. If you |
| credit card that actually reports each and every month | | | | miss a payment you risk damaging your FICO score |
| to the major credit score reporting bureaus. Many of | | | | further. And any negative marks you get by paying |
| these cards on the market actually do not report, or | | | | late will remain on your credit report for 12 months so it |
| offer reporting as a service you must pay for.. A good | | | | is in your best interest to make sure the bill gets paid in |
| reputable lender however will report each month free | | | | a timely manner. |
| of charge. | | | | |