Debt Relief:Definitions: Difference between revisions

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===Unsecured Credit Card===
===Unsecured Credit Card===
* A credit card where a security deposit is not required to open the credit account.
* A credit card where a security deposit is not required to open the credit account.
===Secured Credit===
* Where a deposit is made to the credit supplying company to cover any expenses or purchases made with the credit.  Often times calling it a savings account for credit.  A limit is then placed on the credit issued for the amount of the deposit paid.
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