We’re always coming back around to this aren’t we? This is because we live in a world where you virtually don’t exist without a credit score and you are almost certainly going to be unable to buy anything larger than a car without a good one…
Well if you’ve been in trouble in the past, and let’s face it the whole world has been in trouble with credit, then you can improve your situation and better your chances of obtaining the all important credit again; this might not even be for a credit card (you may have learned your lesson here), but it might be for a house or a loan of some sort.
The bad news is that you might just be required to get a credit card to prove that you can be trusted again. There are a several different cards out there that they call “bad credit” cards. These are credit cards specifically designed to deter you from spending too much money on them. If you go nuts on these credit cards they will put you down and punish you quickly before you’re able to get out of hand.
How do they do this? Well they do this with an astronomically high interest rate that even a fool wouldn’t be stupid enough to mess around with. They also keep your credit limit very low and acheivable. Sometimes you can get reward systems with them, but not very often, the idea of them is to improve your credit score and not to have fun and make money.
Check them out if you’ve had a bad credit score, they might just help you rebuild it.
Tags: Bad credit cards, Bad debt, credit cards