This Article is About
high interest rates
co signer
credit score
different things
family member
homework
bankruptcy
credit card company
money
How To Get A Credit Card With Bad Credit
Join 1000's of Authors at StreetArticles Today!

How to Get A Credit Card With Bad Credit

We have all made mistakes with our credit score. Whether it is a late payment on a utility bill, or even something as horrible as a bankruptcy. Let's face it, we all make mistakes. However, this does not mean that we are not be able to repair these mistakes and move forward with life. There are numbers of different things to know about how to get credit card with bad credit.

. The first thing that you are going to want to do is get a free credit history report. This way, you will know what is on your credit and what you can do to get rid of anything that is going to cause you problems.

. Consider applying for a secured credit card. Basically, this is where you pay money up front on the card. This way, you can never go overdrawn. This will prove to the credit card company that you are serious about being responsible with a credit card.

. Look at your available options. Even though you do not have the best credit score, you can still get a good rate on a credit card. Some credit card companies are going to charge you an annual fee that will automatically be charged to your card. This is not something that all companies do. This is why you want to do your homework.

. If you are still not impressed with the high interest rates that you are going to have to pay on a credit card, you may consider asking a family member to become a co-signer for you. This way, you will have the lower interest rate that they would have been given. Keep in mind that if you miss a payment, the credit card company is going to go after your co-signer which is something that you want to avoid if possible.

. Another way how to get credit card with bad credit is to apply with a lot of different credit card companies. Even if you are given a higher interest rate than you would prefer, you can always be careful with how you use it. After you have made your monthly payment on time, they may increase your spending limit or even lower your interest rate.

The best way to improve your credit score is to get a credit card in your name and use it every month. Make sure that you are never late on your monthly payment. Before you know it, you will notice that your credit score is going up and you will be eligible for more benefits. Remember, getting a credit card with bad credit is never something that you cannot fulfill.


Street Talk

No comments present
You May Also Like
How Can I Get Out Of Payday Loan Debt?
In the consolidation business you hear a lot of people asking “how can I get out of payday loan debt?” and the answer is always the same: through hard work! Still, there are some simple tricks that you can use in order to get rid of this debt. This is…
By: David Schmidt in  Finance  >  Debt Consolidation   Oct 31, 2012  
2
  Likes: 3

Saving for An Emergency
Emergencies can come at any time and in many different forms and can happen to any of us. Sometimes they are in the form of a wildfire, like the one Colorado has been battling for the past few weeks. Other times they can come in the form of a health…
By: David Schmidt in  Finance  >  Debt Management   Jul 09, 2012  
20
  Likes: 10

End Payday Loan Debt
Like most people we’re all feeling the effects of the economy – with the loss of jobs, companies that were supposed to be invincible have even gone out of business. Not to mention the looming fiscal cliff which happens at the end of this year – and if we go…
By: Leo E in  Finance  >  Debt Consolidation   Dec 20, 2012  
4
  Likes: 5

How Does Filing Bankruptcy In Florida Affect Your Credit Score?
Bankruptcy is the legal process of being forgiven for repaying your creditors the full amount of money you promised to pay them when they loaned that money to you. Since credit has everything to do with your financial responsibility and ability to repay loans, filing for bankruptcy will hurt your…
By: LOofJM in  Finance  >  Bankruptcy Lawyers   Jun 29, 2012  
0
  Likes: 0

Criticism On The Pay Day Loans In The UK
Payday loans in the UK are increasingly taking centre stage in the financial market due to the aid they give to local citizens. However, there are some critics who have come out strongly to object these services stating that they are horrendous and all they do is exploit the citizens.…
By: Jonny Haberdash in  Finance  >  Loans   Apr 04, 2012  
0
  Likes: 0

Improving Your Credit Score In Langhorne – What You Can Do
The best way to go about purchasing a car or house is by financing these big-ticket items with a loan from a bank, credit union or private third party lenders. Good credit is essential for you to be successful with acquiring a loan. The post baby boomer generation grew up…
By: Tom Gilmour in  Finance  >  Loans   Jan 27, 2013  
0
  Likes: 1

How To Find a Small Business Commercial Loan
Once upon a time when business owners could just walk into a bank and get a loan for the business based on their rapport with the bank and loan officer. However, with the downturn in the economy, it is sad to say that, that time appears to be over! Banks…
By: Reed Cambpell in  Finance  >  Loans   Dec 30, 2010  
0
  Likes: 0

3 Strategies For Reducing Your Current Debt
The No. 1 way of reducing debt is to reduce monthly expenditures. One way to recognize your potentially fatal spending habits is to keep a record of every expense made for one month. You might be surprised to know the result! At the end of each month, you could see…
By: David Dicristo in  Finance  >  Debt Management   Sep 17, 2012  
0
  Likes: 0

How to Get the Best Loan After Bankruptcy
Because getting financing at all is difficult with a bad credit history many focus solely on finding approval. While this is obviously the priority, you do want to try and improve your situation as best you can and look at how to get the best loan after bankruptcy you can…
By: Jennifer4 in  Finance  >  Bankruptcy Tips Advice   Nov 28, 2011  
0
  Likes: 0

Payday Loan Hell
In the Christian religion, and some other Judeo-Christian religions, the concept of “hell” has taken root. Many people fear hell in the afterlife and therefore maintain good relations while they are living. However, the people who are suffering with families every day are in their own type of hell on…
By: David Schmidt in  Finance  >  Debt Consolidation   Aug 30, 2012  
28
  Likes: 13

I Am Drowning In Payday Loans
A former colleague of mine was in the financial industry after the collapse of the economy in 2008. He was doing great until that year, but I never realized how far he had fallen until we spoke over the phone. He told me “I am drowning in payday loans” and…
By: David Schmidt in  Finance  >  Debt Management   Aug 15, 2013  
6
  Likes: 6

Learn How to Establish Credit
Having a credit history,good or bad, will allow you to move through the complex financial world we live in. But what if you don't have a credit history at all? For the most part, having no credit history is worse than having a poor credit history. But the question is…
By: Scott Oberholser in  Finance  >  Credit   Aug 22, 2011  
0
  Likes: 0

Debt Mangement for Londoners - Fundamental Techniques to Get Out Of Your Financial Rut
Debts can be difficult to pay off - this is a hard fact of life. A person who is on the verge of bankruptcy would do well to consider the long-term effects of non-payment, hence, debt consolidation is a must. Where multiple debts are involved, it is wise to resort…
By: Jack Oliver in  Finance  >  Debt Management   Oct 20, 2012  
0
  Likes: 0

Financial Planning – A Sign Of the Times
Retirement are you ready for it, did you plan well enough, where you informed enough? Fifteen years ago, invited to a seminar for small business, I discovered a fact I was unwilling to face. The seminar covered financial planning for the future, and our standard of preparedness. Being in a…
By: Rob Ainslie in  Home and Family  >  Retirement   Feb 26, 2012  
2
  Likes: 0

Alabama State Payday Loan Laws
Like many other states, Alabama allows consumers to take out short term loans, also known as payday loans. These loans require repayment in full within a short period of time and have excessively high interest rates on them. When factoring in that short period of time and the amount of…
By: Leo E in  Finance  >  Debt Consolidation   Dec 08, 2012  
2
  Likes: 0

Article Views: 1633    Report this Article