Secured credit cards will help you rebuild credit history by reporting your history to the credit bureaus. You will be required to make a deposit as “security” in the event you do not pay your credit card bill. A Prepaid card does not report your history to the credit bureaus and will not help you rebuild or establish credit.
1No credit check is required, however a determination of your ability to make monthly payments is required and will be considered in the approval process.
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