For those with bad credit or low credit scores, getting a new credit card may seem like an unachievable dream. However, picking the right bad credit card for your current situation can repair your shattered credit history. You can use your new credit card to establish better debt management skills right from the start by taking the time to compare before you apply.
Make sure that other areas of your financial life are in shape before you apply for a new bad credit credit card if you have a bad credit report. This means maintaining an open checking account in good standing. If you can, maintain a savings account as well, as this improves your credit appearance. STEP 2
Pay all your bills on time. If your lights have been turned off due to late payment, now is probably not a good time to apply for a credit card.
STEP 3
Avoid situations that will reflect negatively upon you and your credit situation, including repossessions and foreclosures. Before you apply for a credit card, make sure that you can pay any outstanding loan payments to keep a repossession off your record.
STEP 4
Confirm that you do not have any other accounts that have been turned over to a collections agency. Even a small debt owed to a hospital or other service provider will harm your chances of receiving a credit card, especially if you have bad credit.
STEP 5
Maintain your job. Credit card companies and other lenders like to see that you have a consistent form of income coming in before they are willing to risk their credit on you. Many times, the longevity of your position with a company can improve your chances of successfully applying for a bad credit card.
STEP 6
Consider applying for a secured credit card through your bank if you are unable to get an unsecured one. These cards require cash collateral to set them up. Keeping the account in good standing by making regular, on-time payments should help improve your credit.
Recommended Bad Credit Cards
* Reports monthly to 4 Major Credit Bureaus
* Low APR on purchases!
* Get the prestige of a GOLD MasterCard®/Visa®
* All credit types welcome to apply!
* $50 Credit Limit Increase by Making your first 2 Minimum Payments!
**Read our Review of the Centennial Gold Mastercard
Enrich your life with 1% cash back on all purchases and a 25% annual bonus on the cash you've earned during the year.
* 25% annual bonus on the cash you earn
* 1% cash back on every purchase
* 0% APR on purchases until October 2008. After that, variable APR, currently 14.9%
* No limit on cash back and rewards won't expire for the life of your account
* Redeem cash whenever you like
* $29 annual fee
APPLY NOW!
No Credit? Bad Credit? Denied Credit? - There may be light at the end of the tunnel. Apply now for the Total Visa®! Instant On-Line Decision!
* Instant On-Line Decision
* Free 24 hour Online Account Access
* Monthly Reporting to All Major Credit Bureaus
* Fraud Protection
* Outstanding Customer Service
** Click here to read Review of the Total Visa Card
APPLY NOW!
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