I have been thinking about getting a secured credit card to build up my credit. Do you think this is a good idea? I need some revolving credit to up my credit score before I can buy a house. This is the only way I can think of.
I have never used a secured Credit Card before, and I am not even entirely sure on how they would work either. Can anybody explain for me, since it does sound interesting for a person like myself who needs credit.
Definitely a great idea. About 20 years ago when I was just building my credit I used this very method. You might also want to apply for low limit unsecured cards after having your secured card for a while.