So, some promised new members free life insurance and secured credit cards.

It marked the second successive fall in household demand for secured credit, the Bank said.

Some people also receive applications for secured credit cards.

Along with requiring collateral, some secured credit cards carry high fees.

Describes common advertising and marketing scams for secured credit cards.

In addition, secured credit card programs are frequently discontinued when the issuers go out of business.

About 400,000 consumers nationwide have secured credit cards tucked in their wallets.

Its secured credit card programs for new immigrants to build credit history has been widely used.

Because of cases like this, secured credit cards have frequently come under the scrutiny of consumer protection agencies.

As a result, consumers should approach credit repair clinics in general and secured credit card programs in particular with care.

This would likely lead to a result where secured credit was not inviolable, and insolvency law could take account of diverse interests, including corporate rescue.

NextCard also issued secured credit cards.

Debit cards and secured credit cards are popular among college students who have not yet established a credit history.

They may also not accept any savings or time deposits of less than $100M unless they are used as collateral for secured credit card loans.

Others have received applications for secured credit cards, which require the applicant to put up cash or collateral equal to a card's credit line.

With such loans secured by a home, the attached credit card, in effect, becomes a secured credit card.

Keystone filed for bankruptcy because one of the group's members, the United Jersey Bank, refused to extend the secured credit facilities.

(People with irregular credit often get a secured credit card first - usually they deposit cash first to cover their charges.

A secured credit card offers a chance to repair a credit history, or start one, since card behavior is reported to the major credit bureaus.

With a chargeoff being one of the worst possible items on a credit report, this may make obtaining any unsecured or even secured credit more difficult.

For Hispanics without a credit history, banks are offering secured credit cards, which are backed by a set amount that the customer deposits in a bank.

Here are some other things that can prevent or help your child recover from credit card problems: Consider debit and secured credit cards instead of traditional cards.

And in just two years, it has become the country's second-biggest issuer, behind only Citibank, of secured credit cards, those that require a savings account as collateral.

This week it announced a program with the American National Bank, in Larchmont, N.Y., which specializes in secured credit.