TopConsumerReviews.com Best Bad Credit Credit Cards
      October 18, 2018

Home  >  Bad Credit Credit Cards  >  Articles

Your Information Is Secure
Credit Cards: The Lowdown Newsletter

Latest Reviews

Acne Products

Coffee Clubs

Company Incorporation

CPA Exam Reviews

Credit Repair Companies

Dog DNA Testing

LLC Formation

Meal Delivery Programs

People Search

Pet Insurance

Wholesale Dropshippers

 

Related Articles

Credit Card Offers for Blemished Credits

Credit Cards for Poor Credit Scores

Take Charge of Your Credit Score

 

Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Characteristics of Credit Card Offers for Blemished Credit

If your credit is blemished you’re not alone. Many people are finding that the boom in credit spending, over the last 10 years, has left them financially damaged and in despair. Whether you blame the economy, divorce, job loss, irresponsible spending or something else your focus should be about moving forward and making changes. Having access to credit, and a decent credit history, is necessary to buy a home, get a car loan and even qualify for specific jobs. Also, access to a credit card is important for day to day living. Credit cards make for convenient shopping but are also necessary in many scenarios where a Visa or MasterCard must be made available to purchase online, rent a car or hotel room, and more.

But, how do you obtain a credit card when no lenders are interested in you? Specifically look for credit cards designed for blemished or no credit consumers. There are a number of options out there as a large population of adults are in the same boat. However, not all credit cards are built the same. Here’s what you should be aware of:

  • Understanding the respective fees and penalties of any credit card you obtain is important. Credit card companies willing to risk a line of credit to someone who has been historically irresponsible are going to charge a big fee. Annual fees can range from $50 to several hundreds of dollars and are hard to avoid. But, if a credit card is needed you may have to deal with the cost. Often you’ll see that a small line of credit is issued but the fees are instantly deducted leaving with little available credit until you pay-off the initial charges.
  • Low credit limits are often the case for someone with a lagging credit score. Typically over time you can raise that limit via responsible spending and making timely payments. But, in the meantime, make sure you understand your credit limit before accepting any offers.
  • Collateralization requirements should be a question when you’re looking at credit card options for blemished credit. Will the lender require you put down a portion of collateral to the credit limit? How is that managed and how much will you need to come up with?

Credit card options for those with less than perfect credit are abundant but need to be looked at closely before making a decision. Different options have their pros and cons and make sure you read the fine print first before making a final decision. The goal is to demonstrate responsible spending to ultimately improve your credit and lead the way towards better access to lenders.

Is it Bad to Close a Credit Card

If you're trying to improve your credit score or simplify your finances, it could seem like a smart idea to close an unused credit card or two. However, many people who do this are shocked a few weeks ...

Published:  Tue, 16 Oct 2018 05:56:00 GMT



Credit Cards for Bad Credit |

We know that it can be frustrating trying to apply for a new credit card when you have bad credit. That's why we've prepared this guide, providing you with useful tips on what to do and not do as you ...

Published:  Thu, 04 Oct 2018 19:51:00 GMT



If You've Got Bad Credit, This Card Can Help You Fix It-and Won't Charge an Annual Fee

Finding great credit cards for people with bad credit can be difficult. If you have no credit history or a bad credit profile - in general, that means a FICO score of 600 or lower, though this can var...

Published:  Tue, 12 Jun 2018 12:22:00 GMT



7 Bad Credit Card Habits You Can't Afford to Keep

Here are the top seven credit card mistakes you should avoid at all costs. Here are the top seven credit card mistakes you should avoid at all costs. Home Mail News Sports Finance Celebrity Style Movi...

Published:  Sat, 27 Jan 2018 03:40:00 GMT



5 Signs of a Bad Credit Card

Searching for the right credit card can be difficult-you're constantly barraged with gimmicks and "special offers" and cards that are too good to be true. To help navigate this process, we've assemble...

Published:  Sun, 26 Nov 2017 22:08:00 GMT



Mnichelle Singletary: The end of credit card signatures is bad for consumers

WASHINGTON - In hawking its iPhone X, Apple produced a pretty fly commercial. Fly as in stylish. Or, "totally lit," as teens say. Apple's "Fly Market" ad highlights how easy it is to pay with your fac...

Published:  Wed, 16 May 2018 02:07:00 GMT



Bad habits of credit card debts

If you use your credit cards right, you shouldn't end up in debt (just repay the balance in full, every time). Still, there are going to be some people who've landed themselves in debt. To dig yoursel...

Published:  Mon, 11 Dec 2017 16:00:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure