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Debt Relief:Definitions: Difference between revisions
→Definitions and Common Terms
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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. | |||