Consumer Bad Credit Guide

Welcome to the consumers guide to bad credit!




Bad Credit Secured Business Credit Card


Secured Business Credit Card For People With Bad Credit

Getting a secured business credit card for people with bad credit is a great way to help establish credit in your company's name.

Most secured credit card companies require a deposit equal to the credit line your are seeking. Make sure they report your payment monthly to the major credit bureaus. Making your payments on time monthly will increase your business credit rating. You will also get you deposit returned to you after one year, turning your secured credit card into a unsecured credit card.

There are steps you should take before trying to obtain a secured business credit card with bad credit. First, incorporate your business and obtain a EIN number (This will protect your business from your personal creditors by separating your business credit from your own credit rating). Second, open up a business checking account.

Once you have established your corporation and have opened up a business checking account with it's own EIN number, ask your bank if they will issue you a secured business credit card to help you establish your business credit rating.