Secured credit cards, the basics
They are often forced to obtain a card with higher rates and fees, due to their poor credit histories. These high rate cards allow the consumer an opportunity to improve their credit, assuming the bills are paid on time. Frequently, though, consumers are overwhelmed by the interest payments and fees and accumulate more debt and make their credit worse. A better option is a prepaid card, which offers all the convenience of a card. You can charge things on the card until the prepaid amount you established is gone.