Get A Secured Card Easy
Leverage Short Term Lender to open a secured credit card
Building new credit is vital to this process.
You may have heard us mention a few times about getting a secured card (if you don’t already have any open credit). However, if you are finding it difficult to come up with the $300 to open up a secured card, we want to introduce you to a little hack that’ll help you get the funds to open a secured card and help build credit in the process.
This is how you leverage a short-term lender (not a payday loan) to get a secured card:
Google: “World Finance near me” or “Security Finance near me”
(It’s NOT a day payday loan. DO NOT GET A PAYDAY LOANS!)
These companies specialize in short-term lending (5-12 month repayments) and you don’t have to have great credit to get approved. You will get approved as long as you don’t have any recent late payments on an auto loan, mortgage, or credit card. Also, you’ll need to verify your income.
When you are approved, they will give you a starter loan of about $300 to $500 for your first time. You’ll want to use those funds for a $300-$500 Secured Credit Card (don’t blow this money).
Also, what’s really cool is that World Finance and Security Finance will report your on-time payments to the credit bureaus. This will allow you to have 2 new accounts (when you get the secured card) that report your payment history to the credit bureaus without using your own money.
To learn more about this approach, we’ve created a video for you to learn more.