|
 |
Can I get a credit card with bad credit?
Author: Sophia Caylar
Website: http://www.SOSCreditRepair.com/
Added: Mon, Jul 28, 2008 11:11:28
Category: Credit Repair Questions
|
|
Yes you can, although you will usually have to make do with a secured credit card. A secured credit card is like a debit card, and you will need to have a bank account with money already deposited. Your maximum allowable credit depends on the amount of money you have in your account.
There are some establishments that do offer unsecured credit cards to people with bad credit. The problem with these kinds of credit card companies is that although they will offer you a credit card, the interest rates are usually sky high, and you will have a low credit limit. As long as you have a plan in place to use these credit cards to pay them off immediately each month in order to help restore your credit, they can be useful. Otherwise, you will quickly find yourself in a downward credit spiral with never-ending high interest rates. So, apply for these kinds of credit cards with caution.
keywords: Credit Repair | Bad Credit | Debt Consolidation | Credit Card About the Author:
Sophia Caylar answers frequently asked credit repair questions at PrettyGreatAnswers.com.
--- Grab the Feed for related Questions and Answers. If you'd like to use our questions and answers on your website for content, we've created a simple free tool you can use to create a custom RSS Feed! ---
More
|
|
|
|
|
