siddharth wants to rebuild his damaged credit, so he applies for a secured credit card. what will he need to…

siddharth wants to rebuild his damaged credit, so he applies for a secured credit card. what will he need to do to obtain a secured credit card from a creditor? keep money in a dedicated deposit account or prove he is debt free

siddharth wants to rebuild his damaged credit, so he applies for a secured credit card. what will he need to do to obtain a secured credit card from a creditor? keep money in a dedicated deposit account or prove he is debt free

Answer

Answer:

keep money in a dedicated deposit account

Brief Explanations:

A secured credit card requires a security - deposit, which is typically held in a dedicated deposit account. Proving debt - free status is not a requirement for getting a secured credit card.