Video: Credit cards that help boost your credit score fast

Ever since the financial meltdown, your credit score is more important than ever. But a lot of people are discovering they don’t make the grade.

Here is an easy way to boost your credit score and get back to business.

Just a few months ago, Rick Williams’ credit score was nothing to brag about.

“I started out in the mid 500s,“ says Williams.

In a minute, we’ll tell you Rick’s current score.

He achieved it using a secure credit card.

Lender Rodney Anderson says “You deposit your own money, whether it’s 200 dollars all the way to 5,000 dollars. The credit card company gives you a credit card for that amount.“

Anderson says you determine how much credit to give yourself, and there’s no way to go over that limit.

“You charge on it once a month. You pay it off, and it helps you build and rebuild your credit,“ says Anderson.

Because it’s your money, not the bank’s almost anyone can get one of these cards.

Anderson says, “On most secured credit cards, it’s guaranteed approval. There’s no income verification, and there’s no credit checks.“

Just like regular credit cards, not all secured credit cards are the same. Do your homework. Make sure you understand the terms.

Check the annual percentage rate and minimum deposit along with the annual fee, monthly fee, and application fee.

You can get feed to death on these secure credit cards, says Anderson.

Rick found a card with terms he can live with.

“It feels better, just knowing that you’re working on it. It’s not like an ostrich with your head in the sand,“ says Williams.

This also feels better.

“In just a matter of three months went to the low 7s,“ he says.

He vows he’ll never have a low credit score again.

“I don’t plan on going back,“ says Williams.