Secured Credit.

On Earth in General and on Planet College much of the basic assumptions have changed. One area in particular has changed and affected life everywhere. That is finance. Finance is money or credit. Finance. Previously it had been fairly easy for a college student to get a credit card. Not so any more. Now, the requirements are steeper and applied more stringently. One of the terms you may now encounter which you had not previously is "Secured Credit" or "Secured line of credit." While up until recently credit cards had been issued on the simple assumption that the user would pay the bill. Now, however, credit issuers are requiring more. This means they may require some security before they issue a card. The security may be money. Secured line of credit means the borrower has provided some real object, usually either money or property, in order to insure the lender they will repay. This is what is meant by secure line of credit.