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This is a good solution for people who may have had difficulties with debt or bankruptcy in past because a prepaid debit card is a great tool for developing invaluable financial management and budgeting skills.
A major bonus of some prepaid debit cards today is that during sign-up process you are offered an additional service that will help you rebuild a bad credit history by having your monthly payments reported to one or more of major credit reporting agencies.
Subsequently, each month your card's issuer credit reporting partner will process your payment record and verify that your payment is properly posted to credit bureaus' records.
There is a small additional fee for this service each month, however, fees are minimal by comparison to sometimes outrageous fees and interest payment some credit card companies charge people with bad credit.
This fee is usually billed to you through your prepaid card each month and enables you to show a continuous history of activity within credit system. These prepaid debit cards help you rebuild your credit so you can get on with your life and is just one of many self-help strategies that I recommend.
To learn more about rebuilding your credit through use of a prepaid debit card simply do a search in one of your favorite search engines or visit www.debit-card-guide.com for more specific card information.
For more information about Prepaid Debit Cards, check out THE definitive guide to debit cards of all kinds including: prepaid mastercards, prepaid debit cards, debit gift cards, mastercards, and debit mastercard at: http://www.debit-card-guide.com.