Galileo Says Secured Credit Is Ready for Its Comeback

Watch more: Need to Know With Galileo’s Shankar Pandravada Secured credit cards, in theory, are a tremendously useful product, particularly for financially underserved consumers. But in practice, they’ve been burdened by frictions like clunky onboarding, locked collateral accounts and a stigma that kept many consumers away. “The product itself was never the problem,” Shankar Pandravada , senior director of product management at Galileo Financial Technologies , told PYMNTS.