TopConsumerReviews.com Best Bad Credit Credit Cards
      May 24, 2019

Home  >  Bad Credit Credit Cards  >  Articles

Your Information Is Secure
Credit Cards: The Lowdown Newsletter

Latest Reviews

Cruise Vacations

Fruit Baskets

Hair Removal

Learn to Read Programs

Menopause Relief

Paid Surveys

Pet Meds

Pool Tables

Tax Software

Watches

 

Related Articles

Credit Card Offers for Blemished Credit

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.

How to decide whether you should use a credit card or a loan to borrow money

Credit cards are easy to apply for and convenient to use ... but you'll feel better once you've taken time to compare all the options - good and bad. Read more about borrowing money: 7 smart ways you ...

Published:  Thu, 23 May 2019 06:16:00 GMT



Millennials had been good at staying out of bad credit card debt. Not anymore

Credit card delinquencies of 90 days or more have risen the most sharply among young Americans, as financial services firms entice them with card offers. Millennials, raised during the Great Recession ...

Published:  Tue, 21 May 2019 06:32:00 GMT



Save Me Steve: Credit cards, one-ring scams & more

He calls it bad news. It's one thing to have a job and another to be a leader in the workplace. Author and businessman Stedman Graham is hoping to create more of the latter with his new book, ...

Published:  Wed, 22 May 2019 09:45:00 GMT



Best Credit Cards for Bad Credit

We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. If you don't have a credit history or are ...

Published:  Tue, 30 Apr 2019 17:00:00 GMT



Indebted Chinese seek wisdom of credit card 'goddesses' as retail lending surges

SINGAPORE/SHANGHAI (Reuters) - In a ballroom at the Vienna International Hotel in Shanghai, Mei Liangming was giving a lecture on the ins and outs of getting credit cards, rolling over debts with ...

Published:  Tue, 30 Apr 2019 00:35:00 GMT



What Is a Credit Card Balance?

Roughly 70% of American households own a credit card and the average individual owes a little over $5,300 on it. This isn't always a bad thing. In fact, when used wisely, many consumers can get ...

Published:  Tue, 07 May 2019 07:37:00 GMT



How A Bad Credit Can Keep People From A Dream Job Explained By National Debt Relief

The article titled "How Bad Credit Can Keep You From Your Dream ... It can cost people higher interest on loans and credit cards, the ability to obtain new credit or even that nice, new apartment. ...

Published:  Thu, 23 May 2019 09:00:00 GMT



Bad Credit Card Debt Is on the Rise

Red flags are flying in the credit-card industry after a key gauge of bad debt jumped to the highest level in almost seven years. The charge-off rate -- the percentage of loans companies have decided ...

Published:  Sat, 27 Apr 2019 02:52:00 GMT



Bad Credit Definition

Get a secured credit card. This is similar to a debit card, in that it allows you to spend only the amount you have on deposit. It will help you rebuild a bad credit rating. It also is a good way for ...

Published:  Wed, 24 Apr 2019 17:00:00 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