Credit Card Solution Tips and Advice

Menu
  • Contact
  • Credit Card Solution In Steps
    • Credit Card Solution Tips and Advice
    • Debit Card Solution – Debt Consolidation Solutions
    • Credit Card Processing Services Today
    • Amazon Credit Card Review You Should Know
    • Credit Card Debt Consolidation Services Online
  • Credit Card
  • Credit Cards
  • Credit Card Debt
  • Credit Score
  • Credit Repair
Home
Credit Card
Bad Credit and Unsecured Credit Cards
Credit Card

Bad Credit and Unsecured Credit Cards

Willie DeJarnette August 19, 2014
Pin230
Share34
Tweet
264 Shares

If you have a bad credit history, it is going to be very difficult for you to get an approved credit card. However, it is not impossible. If you are lucky enough, you may still face certain problems, but you can still get certain credit cards. Let us start with differentiating between secured and unsecured credit cards.

Unsecured Credit Cards

An unsecured credit card does not need a security deposit. Similarly, you do not need to deposit to increase your credit limit as well. Customers can qualify for unsecured cards based on their credit history, financial strength, and their earnings potential. Unsecured credit cards are the most common type of credit cards, and if you have a stable source of income, you should be able to qualify for this card.

Secured Credit Cards

Getting approved for credit cards is tough if you have no or poor credit history. A secured credit card may help you out with that. Secure cards are alternatives to regular credit cards. The only difference would be that you have to make a security deposit for this card. The amount you deposit will be returned once you close your account, provided that you make regular payments and do not accumulate any debt.

What is Bad Credit?

If you have a bad credit history, you are in trouble. Bad credit means you borrowed money and failed to return the full amount. In can include the interest on that certain amount and fines as well. If you do not pay your credit card bills on time, you will accumulate bad credit over time. It goes without saying that bankruptcy pretty much wrecks your credit history.

When you apply for a credit card, the bank takes a look at your credit score. A credit score is used to determine how the user uses his/her card, and if they can make payments of the borrowed money on time. If your score is low, your credit limit will be low and vice versa.

Solution?

You have a bad credit history, and you need a solution, right? The answer is simple – bad credit unsecured credit cards. That’s right. Because the unsecured credit card does not require paying a security deposit. Not only that, but you do not have to send the bank more money to increase your spending limitations, making this your perfect solution. Another solution to your bad credit is to pay your previous debts before you take up any new ones. No one will allow you to borrow money if they find out your credit score is very bad. However, improving your credit score is a long process, and it might take you several months of making payments on time to wipe the slate clean.

Have you ever had bad credit? How did you deal with it? Feel free to let us know your experiences and opinions.

Bad Credit and Unsecured Credit Cards

Share
Tweet
Email
Prev Article
Next Article

Related Articles

Credit Card Help The Right Way
How To Get The Right Kind Of Credit Card Help? …

Credit Card Help The Right Way

bp credit card
Founded in 1909 as Anglo-Persian Oil Company, British Petroleum is …

British Petroleum Customer Credit Cards: Customers Come First

About The Author

Willie DeJarnette

Just wanted to provide some basic knowledge of credit cards, credit score, and other credit types financial resources. Always trying to provide an understanding how to use credit cards and basically staying away from financial ruins.

Leave a Reply Cancel Reply

All Topics

  • Business (1)
  • Credit Card (55)
  • Credit Card Debt (28)
  • Credit Card Processing (2)
  • Credit Cards (6)
  • Credit Repair (8)
  • Credit Score (17)
  • Debt (3)
  • Debt Consolidation (2)
  • Finance Blog (1)
  • Student Loan (1)

Credit Card Solution Tips and Advice

Recent Posts

  • How to Get an 850 Credit Score …
  • Best Credit Repair Pros and Cons Secrets …
  • How to Get Out of Debt Within …
  • Best Credit Repair Near Me Secrets Revealed
  • Best Credit Repair Companies Secrets Revealed
  • Business
  • Credit Card
  • Credit Card Debt
  • Credit Card Processing
  • Credit Cards
  • Credit Repair
  • Credit Score
  • Debt
  • Debt Consolidation
  • Finance Blog
  • Student Loan

Menu

  • Privacy Policy
  • Terms of Service
  • Contact
  • About Us
Copyright © 2023 Credit Card Solution Tips and Advice
Theme by MyThemeShop.com

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh