Secured Credit Cards
Secured Visa® Credit Card
Secured Visa® Credit Cards are for those who need to establish or rebuild credit history. Learn more about NewHomePrograms.com recommended Secured Credit Cards today!
Ideal for: Just starting out or rebuilding credit
If you have less than one year of major credit card history OR you know you need to work on improving damaged credit because you have:
- Been declined for other unsecured cards recently or
- Missed bill payments or
- Been contacted by a bill collector in the last year
Secured Visa® Credit Cards, when used responsibly, can help build and improve your credit record.
Did you know that, according to myFICO.com, 35% of your FICO® Score is based on your payment history? Another 15% of your FICO® Score is based on the length of your credit history. If you do not have an established credit history, it can be difficult to build a credit score high enough to qualify for a mortgage loan. Based on our experience at NewHomePrograms.com, many mortgage lenders are also requiring clients to have at least 2 open trade lines2 before they will agree to help finance a home. For this reason, the secured credit card can be a smart way to begin building a positive credit history.
If you do not currently have 2 open tradelines on your credit report, consider applying for NewHomePrograms.com recommended Secured Cards to help you establish a positive credit history.
This is a solicitation for a credit card – Secured Visa® Credit Card
NOTICE: NewHomePrograms.com LLC has a business relationship with CreditCardBrokers.com and may receive financial or other benefits from referrals. There are other service providers with similar services. You are free to shop around to determine that you are receiving the best service and best rate for these services.