Obtaining up your credit history can be made easier with a secured Visa Card from Public Savings Bank Secured. For individuals with no credit or those who have experienced a negative credit event like divorce or foreclosure, establishing credit history can be a real challenge. Without proper credit, everything from a car loan to an apartment or even a job can be denied.
When faced with problem credit, many people rely on prepaid cards to manage their daily expenses. However, prepaid cards simply provide access to your own money, not credit from a lender. These cards do not report to credit bureaus and do not help re-establish credit history. People need to demonstrate on-time monthly payments on a credit card in order to rebuild that important credit history.
How can you rebuild credit history?
The Public Savings Bank Secured Visa offers people with low credit or no credit the opportunity to re-establish their credit history and work towards improving their credit score. Individuals make a deposit into an FDIC-insured account which acts as a security deposit. They can then make purchases anywhere Visa is accepted or even take cash advances up to the deposited credit line amount, which is currently between $300-$2000. The payments that the “borrower” makes are then reported to all three of the major credit bureaus (TransUnion, Experian and Equifax). This offers customers the ability to easily establish or re-establish their credit history immediately.
Establishing and maintaining a good credit score with the rating’s agencies is very important. By establishing and maintaining a good standing with the credit agencies, will enable you to obtain other, more traditional types of credit. For instance, you will be able to submit a MasterCard of Visa Card application and likely get accepted. Even more importantly than that, by having and maintaining a good credit history, you may even be able to apply for and get accepted for a home mortgage loan.
PSB Secured Visa doesn’t require credit check
The Public Savings Bank Secured Visa does not require a credit check or even a checking account to apply. Customers can fund their account via Western Union, ACH, wire transfer, check or money order. The Public Savings Bank Secured Visa credit card does not have an annual or monthly fee. It also offers an impressive introductory APR of 0% for the first 6 months. If you are in a hurry, they even offer rush shipping. This enables customers to begin making use of their Public Savings Bank Secured Visa credit card just a few days after putting funds into their FDIC insured bank account.
Building good credit is critical at a time when credit is getting harder to obtain. This card allows the customer to build good credit while enjoying all the benefits of a Visa card at very favorable terms.
Prospective cardholders can apply at and get approved within a few short hours. Obtaining up your credit history can be made easier with a secured Visa Card from Public Savings Bank Secured.
