Secured credit cards are excellent tools for building credit and recovering from a steep score decline. Most large banks and credit unions offer secured cards.

Learning how to build credit at 18 can pay off later. We’ll explore options like credit builder loans and becoming an authorized user on an open account.

When comparing VantageScore vs. FICO scores, you’ll notice many differences. For example, each model uses slightly different factors to determine scores.

If you’re wondering “what is a cash advance,” here’s a simple explanation. Cash advances let you borrow funds against your credit limit, often for a fee.

A credit builder loan helps people with limited or poor credit history build credit. Read on to determine if credit builder loans may be right for you.