Can you be denied for a secured credit card?
~ Jamie ~ asked:
A friend of mine is attempting to rebuild her credit after a divorce. She is getting a secured credit card. Apparently, they are like a pre-paid Visa/Mastercard? However, they have an insanely high interest rate. Anyway, she told me that even though it is “prepaid” they still have to do a credit check. Unfortunately, her credit is ruined. Could she possibly be denied for a prepaid card? I haven’t heard of this and am not sure. Any ideas? She is somewhat hesitant to apply to several secured companies in case she gets denied, but she does need a card for emergencies.
She was denied through her credit union and they don’t offer secured cards or even student cards there.
A friend of mine is attempting to rebuild her credit after a divorce. She is getting a secured credit card. Apparently, they are like a pre-paid Visa/Mastercard? However, they have an insanely high interest rate. Anyway, she told me that even though it is “prepaid” they still have to do a credit check. Unfortunately, her credit is ruined. Could she possibly be denied for a prepaid card? I haven’t heard of this and am not sure. Any ideas? She is somewhat hesitant to apply to several secured companies in case she gets denied, but she does need a card for emergencies.
She was denied through her credit union and they don’t offer secured cards or even student cards there.
her best bet is to go through her bank…
The card issuer they are probably going to make her pay large start up fee.
The deal she has already hit rock bottom tell her to file bankruptcy its suggestion that know so.
The deal she can do it herself.
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