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How To Get A Credit With Bad Credit History

by Samantha Bennet on 2014/02/25

How To Get A Credit With Bad Credit History

Millions of people in the U.S today are looking for the answer to – How To Get A Credit With Bad Credit History. Thousands of people got affected when the recession happened, and most of them have still not been able to get out of their debt.

Get a Credit Card with Bad Credit History by Applying Below:











Although, the reason why you may have a bad credit score may be varied and valid, it surely is a tough call when it comes to How To Get A Credit With Bad Credit History.

Here are some options for those who want to get a credit card with bad credit:

    Secure credit card – this is one of the most preferred options for people who are experiencing  bad credit because you can instantly qualify for a secured credit card. You would have to pay upfront cash as collateral which turns out to be your credit line.

    With a secure credit card, your creditors will have no risk in giving you any credit since you have already paid an upfront amount.

    You are able to get your deposit back at any time as long as your account is in good standing.

    Subprime credit card – These are unsecured credit cards, but they are expensive. Since creditors are at a credit risk by giving you a bad credit credit card, they will be charging you a higher interest rate and fees.

    Unless you are absolutely sure that you can pay off your balance in full every month, this should be your last option as you will pay heavily in interest rates.

    Cosigners credit card -If you want to avoid high interest rates of subprime cards and the upfront cash of a secure credit card, the other option would be to look for a cosigner who has a good credit score. However, you must be aware that if you miss a payment or become late in paying your dues, your cosigner’s credit score will take a huge hit.

    Prepaid Credit Card- A prepaid credit card is another great option. This type of card is used anywhere a regular credit card can be used which is very convenient.

    However, the money that is used for purchases on your  card, is money that you put onto the card yourself.

    Because you are not borrowing from a line of credit, this type of card will not affect your credit score. Anyone can get approved instantly for a prepaid credit card, no matter their credit score.

If you are wondering how to get credit cards for bad credit history, then use these above tips to help you get started in the right direction.

Courtesy of CreditCardshoppe.com

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