Understanding
christian credit card counseling
5 Tips to Finding the Best Bad Credit Credit Card
Bad credit can sometimes feel like the end of the world, but it doesnt have to be. There is now a wealth of credit options, such as credit cards,
out there for people with bad credit. Sure, you may not have all the options when it comes to terms and percentage rates, but at least you will
have a way to build your credit back up to ultimate personal freedom.
1. Visit Your Local Credit Union
One of the best things you can tell someone with damaged, or bad, credit is to visit their local credit union. These bank-like institutions may
be more than likely to extend you a card if you belong to a particular community, civic organization, union, or other social group.
2. Explore Your Alternatives
Another good option is to explore alternative credit card companies, such as gas company cards, department store cards, and newer card companies.
These will help you not only organize your finances. They will also help you slowly build up the credit you need to get a card from one of the
big credit companies.
3. Get a Buddy to Co-Sign
If you still have no luck securing a card, dont give up yet. Try to see if you could have a friend or relative be a co-signer on a card.
Basically, theyre agreeing to shell over the cash you owe if you default on your payments, an agreement that tends to make creditors feel a bit
more comfortable. Hopefully, of course, it wont come to that. Also, check out secured credit cards. With these newer type cards, you set up your
own credit limit by putting that exact dollar amount in a savings account. Basically, its like betting on your own good debt behavior.
4. Shop Around
There is a fast and furious market out there for your business. Credit cards like anything else are all about getting new customers and making
money, so it stands to reason that there will be a lot of selection out there to choose from. That means, put bluntly, dont jump on the first
"yes" offer. Shop around.
5. Reality Check
Then again, you will have all of these card offersbut dont expect any one to blow you away. Compared to regular credit cards, bad credit credit
cards wont have the best rates, APRs, penalties, annual fees, or credit limits. For instance, your credit limit may only begin at $500, and late
fees may blow your socks off.
About The Author
Joshua Shapiro recommends Find Credit Cards to find the best bad credit card for you. See http://www.findcreditcards.org/type/bad-credit.php for more information.
joshuashapi@gmail.com
More Useful Resource and Updates on christian credit card counseling
- Stolen credit card used for gift cards in Cheshire (Republican-American)
Police are searching for a man they believe used a stolen credit card to buy thousands of dollars worth of gift cards at Rite-Aid stores in several area towns.
- Man guilty of ID theft, credit card fraud (The Sacramento Bee)
A Sacramento man, Michael McCormick, 29, will be sentenced Dec. 12 after pleading guilty to running a scheme to steal identifications and commit credit card fraud.
- No bailout = higher credit card, mortgage rates (St. Louis Business Journal)
Without a $700 billion bailout of the financial market, everyone will experience a tightening of credit and an increase in mortgage and credit card rates, experts say.
- David Jones launches Amex credit card (The West Australian)
Luxury brands retailer David Jones Ltd Tuesday launched its David Jones American Express co-branded credit card and believes its loyal customer will embrace the initiative.
- Casino Employee Arrested For Misusing Company Credit Card (WAPT Jackson)
A casino employee was arrested for allegedly using a company credit card to charge nearly $4,000 in gasoline.
- Sector Snap: Credit card stocks sink (AP via Yahoo! Finance)
Shares of credit card companies fell with the broader markets Monday, as a Citi analyst reduced his earnings outlook for Discover Financial Services and American Express Co., saying credit card loss rates continue to worsen.
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