You can apply for a secured credit card. These cards are good when you have problems with getting approved for a credit card. You will be required to put down a security deposit which is usually about $200. Your credit limit will be equal to your security deposit. The activity on a secured credit card will be reported to the major credit bureaus, so you will be able to improve your credit history and later apply for a better credit card.
There also are unsecured credit cards for people with bad credit. But these cards may require a checking account and you can be charged a processing fee.
ADVERTISER DISCLOSURE
AcclaimVisa.com is an independent, advertising-supported web site. AcclaimVisa.com is compensated by the credit card issuers whose offers appear on our site. This compensation can impact how and where credit products appear on our site, including, for example, the order in which they may appear within product listings. AcclaimVisa.com does not offer, review or present all available credit offers.
Is there a lender who can approve me for a loan if my credit history is bad?
[Thursday, July 11th, 2013]See also
- I’m looking to reestablish credit because mine is poor. I don’t want a prepaid card but a line of credit. The only problem I’ve found is I don’t have a bank account. What card can I apply without bank account?
- My Credit Rating has been lowered to 590 on Experian due to medical expenses. TransUnion has me at a 649. I spoke to an attorney and he stated that most card companies will take that into account. I would like to re-establish my credit and since my medical problem I have not incurred any additional debt and I have never filed for bankruptcy. Can you help me?
