'Secure Credit Cards' help boost your credit score - Spokane, North Idaho News & Weather KHQ.com

'Secure Credit Cards' help boost your credit score

Posted: Updated:
DALLAS, Texas. - Ever since the financial meltdown, your credit score is more important than ever, but a lot of people are discovering they don't make the grade.

Here is an easy way to boost your credit score and get back to business. It's called a secure credit card.

Lender Rodney Anderson says "you deposit your own money, whether it's 200 dollars all the way to 5,000 dollars. The credit card company gives you a credit card for that amount."

Anderson says you determine how much credit to give yourself, and there's no way to go over that limit.

"You charge on it once a month. You pay it off, and it helps you build and rebuild your credit," says Anderson. 

Anderson says, "On most secured credit cards, it's guaranteed approval. There's no income verification, and there's no credit checks."

Just like regular credit cards, not all secured credit cards are the same. Do your homework and make sure you understand the terms.

Check the annual percentage rate and minimum deposit along with the annual fee, monthly fee and application fee.

"You can get feed to death on these secure credit cards," says Anderson.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Man who confessed to Cheney pot shop murder provides information on two other cases

    Man who confessed to Cheney pot shop murder provides information on two other cases

    Tuesday, October 17 2017 9:15 PM EDT2017-10-18 01:15:17 GMT

    SPOKANE, Wash. - It's been roughly one month since a Cheney man was murdered, at random, as he ate lunch inside his car. Cameron Smith's body was recovered days after the fatal shooting. Donavon Culps provided a full confession to the killing, and now he's providing information that he says will solve two other Washington murders.

    >>

    SPOKANE, Wash. - It's been roughly one month since a Cheney man was murdered, at random, as he ate lunch inside his car. Cameron Smith's body was recovered days after the fatal shooting. Donavon Culps provided a full confession to the killing, and now he's providing information that he says will solve two other Washington murders.

    >>
  • Idaho State Police ask for help identifying bicyclist killed in hit and run crash on I-90

    Wednesday, October 18 2017 7:36 AM EDT2017-10-18 11:36:54 GMT

    COEUR D'ALENE, Idaho - Idaho State Police are asking for help identifying a bicyclist killed in hit and run crash on I-90 late Tuesday evening. The crash occurred shortly before 10pm Tuesday on I-90 at milepost 15.5 in Coeur d'Alene. According to Idaho State Police, an unknown vehicle struck a person on a bicycle in the westbound lane of travel.

    >>

    COEUR D'ALENE, Idaho - Idaho State Police are asking for help identifying a bicyclist killed in hit and run crash on I-90 late Tuesday evening. The crash occurred shortly before 10pm Tuesday on I-90 at milepost 15.5 in Coeur d'Alene. According to Idaho State Police, an unknown vehicle struck a person on a bicycle in the westbound lane of travel.

    >>
  • Spokane cancer patient says she's missing jewelry after surgery

    Spokane cancer patient says she's missing jewelry after surgery

    Tuesday, October 17 2017 10:14 PM EDT2017-10-18 02:14:26 GMT

    SPOKANE, Wash. 48-year-old Sherri Denison has been through a lot in 2017. In February Sherri went in for a mammogram and doctors at sacred heart gave her the news nobody wants to hear "I was diagnosed with ducal carcinoma which is breast cancer in my right breast," said Sherri.

    >>

    SPOKANE, Wash. 48-year-old Sherri Denison has been through a lot in 2017. In February Sherri went in for a mammogram and doctors at sacred heart gave her the news nobody wants to hear "I was diagnosed with ducal carcinoma which is breast cancer in my right breast," said Sherri.

    >>
HD DOPPLER 6i
/