March 23, 2018

Home  >  Bad Credit Credit Cards  >  Articles

Your Information Is Secure
Credit Cards: The Lowdown Newsletter

Latest Reviews

Air Purifiers

Baby Cribs

BBQ Sauce Clubs

Candy Clubs

Dog Beds

Graduation Invitations

Hair Care Products


Mystery Shopping

Web Hosting


Related Articles

Credit Card Offers for Blemished Credits

Credit Cards for Poor Credit Scores

Take Charge of Your Credit Score


Top Consumer Reviews Articles 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.

Credit Cards for Poor Credit Scores

Overspending, a week economy and a startling number of bankruptcies have many consumers licking their wounds. Starting over financially is no walk in the park but is a necessity to get back on your financial feet. The game plan now is to show creditors that you can be responsible in a number of ways but how should you get started?

Obtain a Credit Card

This may be easier said than done. Many lenders will reject applications for credit from those will poor credit. But that doesnít mean youíre out of options:

  • Prepaid Cards are one option for those unable to qualify for a credit card. Essentially they work independently from your credit score and do not impact you positively or negatively on your credit history. The basis of a prepaid credit card is that, for a fee, you may ďloadĒ the card in advance via a cash payment and then are able to use it as needed. Again, prepaid card companies will not report your responsible spending to reporting agencies but will help you learn to stay within your budget and get you into the habit of only spending what you have available.
  • Secured Credit Cards are similar to a prepaid card but do work in conjunction with your credit score. Typically a customer is able to obtain a secure credit card via a cash deposit. After several months of making monthly payments and staying within the credit limit, a secured credit card company will often issue a line of credit that is more similar to an unsecured credit card.

Donít Over Apply

Simply enough, if two or three credit companies have rejected your credit card application donít continue with more requests until your credit history improves. Each time a credit check occurs you potentially impact your credit score. If you canít get a credit card today but need access to a Visa or MasterCard, start with a prepaid card where credit score is a nonissue. This will get your through the rough period and help create responsible spending habits.

Establish a Payment History

Once youíre able to gain access to even a very small line of credit treat it with the upmost importance. Demonstrate that you can make monthly payments on time each month and spend only within your credit limit. This practice done consistently will eventually earn you a larger line of credit at cheaper interest rates. Payment history is one of the top contributing factors to your credit score and is a large factor is gaining the approval of future lenders.

Unfortunately you canít wave a wand to magically place an unsecured credit card into your pocket. But there are options out there for those with damaged credit. If youíre having trouble obtaining a credit card look for prepaid and secured options until your payment history improves.

Top Unsecured Credit Cards For Bad Credit

These credit cards have either a low on-going interest rate, low introductory interest rate, or low on-going fees. Most of these cards also have reasonable rewards programs and additional card perks. Rewards are one of the most requested features in credit ...

Published:  Mon, 19 Mar 2018 12:11:00 GMT

Data breach at Expedia's Orbitz affects 880,000 credit cards

CALIFORNIA, U.S. - Expedia-owned travel website Orbitz disclosed that it had suffered a massive data breach, which has exposed credit card and personal data of about 880,000 of its customers. The website said in a statement that bad actors may got their ...

Published:  Thu, 22 Mar 2018 09:29:00 GMT

3 Ways to Use Credit Card Rewards to Your Advantage

The most rewarding way to use credit cards. Using credit cards for outside capital isn't a bad idea, especially for entrepreneurs who have a plan for avoiding any snags. Minimizing credit card debt is easy if you take care to pay the minimum monthly ...

Published:  Tue, 20 Mar 2018 11:00:00 GMT

DAVE SAYS: Credit Card Settlement Programs are Bad Idea

I received a call the other day from a company saying it could negotiate the balance on my credit cards to a lesser amount. The caller also said they could get me a 0-percent interest rate until the debts were paid off, and then the accounts would be closed.

Published:  Sat, 24 Feb 2018 16:00:00 GMT

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

Credit cards can be great financial tools if you use them responsibly. You can earn credit card rewards on your everyday spending and build your credit with a positive payment history. But if you use credit unwisely, you can dig yourself into a hole of ...

Published:  Sat, 27 Jan 2018 03:40:17 GMT

Credit card defaults on the rise, and Chicago is worst, as holiday bills come due

Another reason for rising credit card defaults, observers say ... A lot of the borrowers who are opening up lines of credit now are "subprime" - those with bad or limited credit history or low credit scores - noted Bruce McClary, spokesman for ...

Published:  Mon, 22 Jan 2018 10:11:12 GMT

Share Us!    Share on Twitter Share on LinkedIn Share on Google+ Share on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure