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Question By
dyds

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when trying to rebuild credit ,which is better secured or unsecured credit cards

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The credit scoring model does not place a value on whether it is secured or unsecured. It is how you use the credit provided to you, secured or not. So, if you are rebuilding, secured may be the first option. Go ahead and get started with that but make sure the utilization amount remains below 30%, 20% utilization is even better. Dont charge up the full amount, use it sparingly, pay on time, never late and you will benefit from any type of credit card.

Reply by
Cher1971

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How do you know which credit card is unsecured and which one is secured? 

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tech

I think unsecured because lender trust you to repay ontime

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don't realy know

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