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Secured Credit Cards

Hi Gail, I watch your show 'Til Debt Do Us Part EVERY DAY. My question is what is the best way to do the jars is and is it a good idea to get a loan to pay off several old bills? Also how to establish credit? (I own no credit cards, and have no credit ever established), with that last question do the secure cards such as the ones from Capital One, where they say give us $300 and we give you $300 credit actually help???  Thanks so much
Courtney          

Use Gail’s Interactive Budget for the jars.

Getting a loan to pay off your old bills will help you on your way to establishing a credit rating, though if you have old outstanding bills, that may negatively affect your credit history – and your ability to get the loan.

The secured credit card is a good idea. Make sure you stay current with your payments or it can end up doing more harm than good.

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