a year ago, siddharth’s credit took a hit after a family emergency that caused him to miss paying bills on…

a year ago, siddharth’s credit took a hit after a family emergency that caused him to miss paying bills on time for several months. now he’s struggling to rebuild his credit history. what type of credit card will he likely qualify for more easily? an unsecured credit card or a secured credit card

a year ago, siddharth’s credit took a hit after a family emergency that caused him to miss paying bills on time for several months. now he’s struggling to rebuild his credit history. what type of credit card will he likely qualify for more easily? an unsecured credit card or a secured credit card

Answer

Answer:

B. a secured credit card

Explanation:

Step1: Understand credit - card types

Unsecured credit cards rely more on credit history. Secured credit cards require a security deposit.

Step2: Consider Siddharth's situation

Siddharth has a poor credit history due to missed payments.

Step3: Determine the easier - to - qualify card

A secured credit card is easier to qualify for as the security deposit reduces the risk for the issuer.