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BUILDING A CREDIT
HISTORY WITH A
SECURED CREDIT CARD
Global Client Solutions
Introduction
 Global Client Solutions works as an independent, third-party
debt payment processor. Based in Tulsa, Oklahoma, the
company assists consumers in designing individually
managed accounts through which they can pay down their
existing debt to a wide range of settlement firms. Global
Client Solutions customers have the additional option of
allowing settlement advisors access to information about their
accounts, so that these advisors can notify them of new offers
from vendors.
In today’s world, individuals with higher credit scores enjoy a
greater number of opportunities and choices. But anyone can
begin to build or repair his or her credit score. While these
efforts will not show immediate results, a dedicated focus on
a few key areas is likely to pay off significantly over time.
Building a Credit History
 Some experts recommend starting off with one of the
better-quality secured credit cards. These require an
initial down payment, often under $50, as a security
deposit. Before choosing a secured card, however,
make sure that it reports to the three major American
credit scoring bureaus, Equifax, TransUnion, and
Experian.
While a secured card typically offers a low line of
credit, at least initially, it can be a major first step to
building a positive history. Use the card for regular
expenses, and make sure to pay it off on or before the
due date. This is important not only in building credit
but also because many cards charge high interest
rates when a consumer carries a balance.

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Building a Credit History with a Secured Credit Card

  • 1. BUILDING A CREDIT HISTORY WITH A SECURED CREDIT CARD Global Client Solutions
  • 2. Introduction  Global Client Solutions works as an independent, third-party debt payment processor. Based in Tulsa, Oklahoma, the company assists consumers in designing individually managed accounts through which they can pay down their existing debt to a wide range of settlement firms. Global Client Solutions customers have the additional option of allowing settlement advisors access to information about their accounts, so that these advisors can notify them of new offers from vendors. In today’s world, individuals with higher credit scores enjoy a greater number of opportunities and choices. But anyone can begin to build or repair his or her credit score. While these efforts will not show immediate results, a dedicated focus on a few key areas is likely to pay off significantly over time.
  • 3. Building a Credit History  Some experts recommend starting off with one of the better-quality secured credit cards. These require an initial down payment, often under $50, as a security deposit. Before choosing a secured card, however, make sure that it reports to the three major American credit scoring bureaus, Equifax, TransUnion, and Experian. While a secured card typically offers a low line of credit, at least initially, it can be a major first step to building a positive history. Use the card for regular expenses, and make sure to pay it off on or before the due date. This is important not only in building credit but also because many cards charge high interest rates when a consumer carries a balance.