subject: Using a Pre-Paid Visa Card to Help Restore Your Credit [print this page] Using a Pre-Paid Visa Card to Help Restore Your Credit
If you are like most Americans, you have approximately $7000 in credit card debt, and your score is dwindling by the minute. It takes a lot of effort and diligence to get yourself out of such a debt, and most people simply don't know how to go about it. There are several methods, most of which we're not going to cover in this article, but there is one that is especially good for you; especially for restoring your credit.
Using a Pre-Paid Visa card might make you feel like you've really screwed up. Frankly you probably did, but so did everyone else who got themselves into the national average of $7000 of credit card debt. Don't get discouraged by the emotional impact of credit card debt. Use the tools and the knowledge that is so easily found to your advantage, and reap the benefits emotionally and financially.
Are credit card companies denying you more credit? Any credit? If they are, then get aPre-Paid Visa card. What these cards do is very basic, and truly it makes sense. If you don't have good credit, you put down a down-payment, also known as a "security" amount. It is almost like an alternative to a checking account. You use the money available in your account to fund your purchases and in the interim you build up your credit, whether you have bad or none.
These cards may seem foolish, or complicated, but they are one of the most powerful tools to regaining financial freedom. Boost your credit score while you pay off your existing debt, and feel good about it at the same time. You can build credit history, or fix your past history, all with the power of aPre-Paid Visa Card. Don't let these financial times take advantage of your emotions, instead take advantage of the great tools that are available to benefit everyone.
