Secured credit cards: what they are and how they can jumpstart your credit

The catch-22 of building credit is that you need to have access to and use credit in order to improve your credit. But often, without a solid score or an established history, it is difficult to qualify for borrowing opportunities, such as credit cards, in the first place.

A secured credit card can make landing an opportunity to prove yourself, credit-wise, a bit easier. While you will have to be in the financial position to hand over an initial cash deposit, from there, if you use your account responsibly...