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Hi ShelbyBoy,

A secured credit card is different from a debit card. Yes, the money is placed in an account and held as security of the debt.

You have to be very careful when getting a secured card. They often charge very high annual fees and interest rate. Also many charge an application fee so your relative's son could be out $300 to $500 before he even makes his first charge, plus he needs to make a deposit of the secured amount necessary.

If he has a checking account that is in fairly good standing, then he should try his bank first for a secured card. They would be more likely to cut him a break and charge less fees. If his credit isn't sufficient to do it on his own, then perhaps his father could co-sign. I never *recomend* to anyone co-signing for anything that they cannot afford to pay off themselves but it is an option.

There is one company out there that offers secured cards that I do NOT recommend anyone, no matter how desperate, use...Cross Country. He is better off just carrying travelers checks.

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