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Exploring Financial Products for Better Credit

For those looking to build or rebuild their credit, secured credit cards and credit-builder loans are excellent options. Secured cards require a cash deposit that serves as your credit limit, making them a low-risk way to demonstrate responsible credit use. Credit-builder loans, offered by some credit unions and banks, work by holding the borrowed amount in a savings account while you make payments, thus building your credit history. These financial products can help you establish a positive credit record, making it easier to qualify for traditional credit in the future⁴.