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Do Prepaid Credit Cards Improve Credit Scores?

Posted on February 20, 2014 by Kristy Lamar

With the decline of available credit limits, many of us debtors have turned towards prepaid credit cards. The growth of the business turned the heads of big banks that joined smaller companies with versions of their own. It was a consumer’s push for more that extended available options. As popularity continued to grow, so did the concern that using prepaid credit cards will have no positive effect for those credit challenged folks trying to rebuild a credit score. The consumer must have money upfront to pay for these cards. It … Continue reading →

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