Question: If you have a bad credit history and have trouble getting a credit card, look for a savings institution that will give you a secured

If you have a bad credit history and have trouble getting a credit card, look for a savings institution that will give you a secured credit card. With this type of card, your line of credit depends on how much money you keep in a savings account that you open at the same time.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Public Finance Questions!

1. Before you enter the world of credit, you need to understand the various options that are available to you. Which of the preceding factors would be most important in your choice of a credit card?...

If you have a bad credit history and problems getting a credit card, look for a savings institution that will give you a secured credit card if you open a savings account. Your line of credit will be...

Chapter 7:7.2 #2 (p. 168) Chapter 8:8.2 #3 (p. 205) Chapter 9:9.2 #1 (p. 225) a., b., and c. (for c., only answer the adjustable rate mortgage part Chapter 7 from Personal Finance was adapted by The...

i need some one toanswering these three questions. make sure to include apa format for the information pretty straight forward. Attached below are the chapters. Chapter 7: 7.2 #2 (p. 168) Chapter 8:...

e. The rate charged on a credit card account is a significant determinant of the cost of using that card. Garth may encounter offers with a fixed rate, which is: (Select the best answer below.) A. a...

Garth was amazed to hear that his friend Lindsey always pays off her credit card balance each month. Garth just assumed that everyone used credit cards the same way - buy now, pay later - only in his...

Read these 4 articles below -than answer the questions below article 1) Determining what's behind a credit score: Q: How are personal credit ratings calculated? My credit rating seems to vary from...

Please help . I posted this question many times Garth may encounter offers with a teaser rate, which is: (Select the best answer below.) A. a constant rate tied to changes in another interest rate...

Hi. I need Chapter 11 part 1-4 Let me know. Thanks! (it wont letme add more than $8, but I will give $12+ tip) Personal Finance, Fifth Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK...

Describe the customer value proposition, profit model, core capabilities, and dynamic capabilities that underlay Prosper's business model. Note that Prosper's 'matching' service involves two sets of...

Do you think these fines will ensure that Canadians receive accurate price information in ads in the future?

A shot-putter throws the shot with an initial speed of 15.5m/s at a 34.0o angle to the horizontal, Calculate the horizontal distance traveled by the shot if it leaves the athletes hand at a height of...

Is there a significant difference ( p , 0 5 ) between the average response on the conflict scale and the financial stress scale?

Why is the optimal capital structure often called the target capital structure?