Credit Cards For People With Bad Credit

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Locating credit cards for people with bad credit is not a hard task. However, finding them with low interest rates is difficult if not next to impossible.


Even though getting high interest rate credit cards for people with bad credit may not seem appealing, it may be helpful, if not necessary to help your credit score. Paying on open credit cards will help restore and increase your credit score over time.

There are unsecured and secured credit cards for people with bad credit. Both of these type of credit cards can help build your credit, except a secured card requires a deposit that is usually equal to your credit line. The deposit is refundable after one year and will turn your secured credit card into a unsecured one. Credit cards for people with bad credit usually come with annual fees and high interest rates.

You may be tempted by ads and websites that guarantee credit cards, regardless of your credit history. The catch comes when you apply for the credit card and find out you have to pay a fee in advance. According to the Federal Trade Commission (FTC), the nation's consumer protection agency, that could be a tip-off to a rip-off. If you are asked to pay a fee for the promise of a loan or credit card, you can count on the fact that you are dealing with a scam artist. More than likely, you willll get an application, or a stored value or debit card, instead of the credit card. A lender may offer credit cards for many purposes. For example, so a borrower can start a business or consolidate bill payments. But one who does not care about your credit record should give you cause for concern. Ads that say: "Bad credit? No problem!" or "We don't care about your past and you deserve a credit card!", or "Get money fast!" or even "No hassle guaranteed!" often indicate a scam. Banks and other legitimate lenders generally evaluate creditworthiness and confirm the information in an application before they offer credit, even to credit worthy consumers.

For a list of credit cards for people with bad credit please visit Bad Credit Credit Cards.

Although all information has been written in good faith and reviewed, please email us at [email protected] to report any inaccuracies.