So a thousand and one times, you are wrong. Meaning they are saying they are reporting to the credit bureaus that you've had a line of credit with them and the account was paid on time. Whether its gas or groceries, use Credit Builder on everyday purchases to help build. That is why at the end of every cycle chime sends you an email saying your credit builder purchases equaled x amount and was paid for by your deposit. Use Credit Builder anywhere Visa credit cards are accepted. The credit limit they extend to you will likely be equal to the amount you place as a down payment. The credit builder card is a secured credit card in that the line of credit being extended to you is being done so under the provision that you have made a deposit to the financial institution. As in the funds to repay the line of credit are essentially unsecured by the financial institution as the credit was given to you with the agreement you would repay it over time with a certain amount of accrued interest. When you say "regular credit card" what you mean to say is an unsecured credit card. You're talking to a guy who's two years into my bachelor of science in accountancy. Lol, that shows me exactly how educated you are on how credit cards actually work.
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