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       If you always paid all your bills in cash, you may get turned down when you apply for a loan or unsecured credit card.
The reason is simple: never having used credit before, you have no credit history and therefore no credit rating. This may seem unfair as chances are you have managed your money efficiently. Nonetheless, in the eyes of lenders, paying in cash doesn't make you a good credit risk.
The same problem sometimes afflicts people who have only recently started out on their own financially: recent college graduates, for example, or newly divorced women.
Fortunately there is a simple solution. Get a credit card, use a few times a month, and pay your bills promptly. After six months or so, you will have established a credit history which will help build your credit. So if you know, for example, that your interested in buying a home and therefore will need a mortgage in the next year or two, take the steps necessary to create a good credit history for yourself.
If you have a bad credit record. A secured credit card is a good way of going about cleaning up your bad credit history.

How Does A Secured Credit Card Work?

A secured credit card is backed by your personal savings. Unlike a unsecured credit card you will need to make a deposit before receiving  your card, this can be submitted instantly by including your  bank details when completing a secured credit card application. Once a deposit is made to a secured credit card  your deposit is safe and also makes monthly interest. The secured credit card is then mailed to you typically between 5-10 business days.

Credit may vary between cards but is usually around 20% of your total deposit - So if you were to deposit $500 you would receive a credit line of $600. 
You can use a secured credit card for virtually all purchases. Providing you make your payments on time, the growth of your credit will get reported to all the main credit bureaus every month. Then before long you will have established enough credit to receive a unsecured credit card or loan.

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