Credit Card Debt

Secured Credit Line


Transworld

Line Of Credit


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Answers

Why would a secured line of credit be denied?

My fiance mailed out an application and $300 money order to USBank for a secured credit card yesterday. We were just curious if the bank could deny him, and if so, what would be some reasons? The bottom of the application says that it will be denied if the applicant is under the age of 18 or has filed bankruptcy, but are there other reasons he could be denied?


You won't be denied as long as you reside in a state where US Bank is licensed to do business (and it is, in most states). Your money is the card's security. If you don't make payments or default, the issuing company has your money to pay off the debt.

CapitalOne secured credit card canada


www.cma1.ca CapitalOne secured credit card canada www.canadian-money-advisor.ca www.canadian-money-advisor.ca Alot of people ask me about how to ...

Where can I get a CD Secured Line of Credit?

I need to get a credit line (not a credit card) but my home has no equity. I was told that if I put cash into a CD that I can get a CD line of Credit but I don't know which banks offer them? Does anyone know which bank will offer me a CD Line of Credit in the US more specifically in the Florida/Georgia area? Thanks.


BOA

What does it mean when the bank preapproves you for a secured line of credit?

I went to bank the other day and the teller told me that my husband and I have been preapproved for a secured line of credit. What does this mean exactly? Do we really have the loan? What do they want for security?
Thank you so much everyone for the good advise and opinions.


Pre-approved mean the bank does a thorough credit check on you, finds out much income you make, and do other financial research on you. Basically it means the bank did lots of work to find out how big the loan should be and what interest rate should they charge you.

Another term you might hear is "pre-qualified". Basically the bank estimates what you can afford base on some information you given to them.

Anyway, you don't have the loan until you sign the contracts.

Where can I get a secured credit card with a low deposit or a credit line higher than the deposit?

Yes, I've already check with my bank. I haven't had an open trade line in so long that I'm pulling up as no-file when my credit is checked.


Try a paypal account refer your bank account this enable you to get their credit cards with a higher credit line

When you have a secured credit card, what happens to the money you use to establish the credit line?

Does that money get applied towards whatever you purchase with that card, or does that money get held there for quite some time, or do you ever get it back? I mean I hardly think you'd pay hundreds if not thousands of dollars just to get a "secured card," it's like "pay us $5000 for a credit card," haha, yeah right.


So seriously how does that money get used?


How it worked for me:

I gave Bank of America (my bank) $99 to open a secured credit card. I had a $500 credit limit. They put the $99 in a savings account that I couldn't touch. It stayed in there for the year required, and I got the money back plus a little bit of interest that it had gained, when my secured credit card was made unsecured and the credit limit was also doubled at that time.


My brother has really bad credit..he needs a creditcard and I ...

That really sucks. You can try Orchard Bank MasterCard. Oh and if you do keep applying it is affecting your score. Everytime a creditor goes to check it lowers it. So the more it’s checked the more it goes down. Don’t try anymore than 3. And I’d agree with other person. Don’t apply for a credit card with any one other than a spouse. Your setting yourself up for some big problems. There might be a reason these creditors aren’t giving your brother a card that you might not be aware of.

u will have to get a secured credit card. what that means is u give them say $200 and they give u a card for that amount. u make payments on it .month after month, on time...

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News

Bad Credit Credit Cards, Secured Credit Cards Offer Options For Bad Credit

Red, White, and Blue Press (blog) - Dec 26, 2009

Those looking for a line of credit do not always consider secured credit cards, but they can be of assistance especially during the holiday season. and more »
Gerdau Ameristeel shrinks $950M line of credit

The Associated Press - Dec 23, 2009

Gerdau Ameristeel Corp. said it has replaced a $950 million secured line of credit due next October with a new smaller $650 million line of credit that Gerdau Ameristeel announces credit arrangementsGerdau Ameristeel Reveals New $650 Mln Credit Facility And $300 Mln Debt Gerdau Ameristeel Corp reports new USD650m credit facility -all 76 news articles »
Georgia Gulf announces closing of debt offering

The Associated Press - Dec 23, 2009

It used the net proceeds from the notes offering and borrowings under its new credit line to repay its existing senior secured credit lines and certain Georgia Gulf closes $500m debt offeringall 70 news articles »
Wittman's Career Night Helps Men's Basketball Edge La Salle, 78-75

Cornell University The Cornell Daily Sun - Dec 30, 2009

Wittman's Career Night Helps Men's Basketball Edge La Salle, 78-75La Salle secured its first lead of the game on a dunk by Green 18 seconds into the contest, but Wittman would convert one of two from the free throw line to and more »
San West Inc. Releases Significant Milestones for 2009 and 2010 Outlook

CNNMoney.com (press release) - Dec 29, 2009

Secured $10000000 in equity financing from an institutional investor during December which will enable San West to more aggressively pursue synergistic and more »
Martin Midstream extends credit line to 2012

BusinessWeek - Dec 23, 2009

Oil and natural gas distributor Martin Midstream Partners LP said on Tuesday that it has amended and extended a secured line of credit that had been set to and more »
Petrom Inks EUR500M Credit Line For Investments - Report

Wall Street Journal - Dec 22, 2009

Petrom has also obtained a three-year extension until 2012 for an existing EUR375 million credit line secured in October 2008, the statement noted. and more »