Secured Credit Cards???

el_nino_5

I want an actual credit card which is secured by me paying a deposit to the credit card company, not secured on a house, don't want a pre-paid card because this is really just a debit card, I want the credit card company to make reports to my credit reference file showing what a good payer I am and thus helping me re-build my credit rating.
There seems to be plenty of such companies in America but I've yet to find any in the UK.

Cheers

darcyvuqua

mbna do one that you pay £100 for a £500 limit otherwise there are many pre-paid works the same as a secured card as your only spend what you put on

Whamy

There are no secured credit cards currently available in the UK only the one Darcy mentioned already from MBNA which is a £100 deposit but this still requires a credit check so it’s not guaranteed.

Getting back on the credit ladder can be difficult but not impossible have a read through the sub prime credit card thread again mate as I’ve seen you post there a couple of times loads of good info there . Also have a look on the debt free wanabee board for info on cleaning up your credit files.

Good luck

exel1966

el_nino wrote: »

I want an actual credit card which is secured by me paying a deposit to the credit card company, not secured on a house, don't want a pre-paid card because this is really just a debit card, I want the credit card company to make reports to my credit reference file showing what a good payer I am and thus helping me re-build my credit rating.
There seems to be plenty of such companies in America but I've yet to find any in the UK.

Cheers

There is NO such thing as a credit card secured on a house. You don't have to own a house to have a credit card. Miliions of people in the UK who don't own their own home have credit cards.

ALL credit card companies report to CRA's. Any card will do. If you have a poor/no history you should try your OWN bank first, then maybe Barclays Initial or Vanquis to see what they could offer.

Am I right in assuming you are new to the UK ?