How to find a credit card for bad credit that can rebuild your credit score
http://www.newhorizon.org/Info/catalog-credit-cards.htm How to find a credit card for bad credit that can rebuild your credit score
http://www.newhorizon.org/Info/catalog-credit-cards.htm
How to find a credit card for bad credit that can rebuild your credit score
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<strong>How</strong> To Find A Credit Card For Bad Credit That Rebuild Credit<br />
Finding a <strong>credit</strong> <strong>card</strong> <strong>for</strong> <strong>bad</strong> <strong>credit</strong> <strong>can</strong> be difficult. Because of <strong>your</strong> <strong>credit</strong> <strong>score</strong>, or no <strong>credit</strong> his<strong>to</strong>ry,<br />
you are considered a risk by many <strong>credit</strong> <strong>card</strong> companies. There are ways around this issue. Obtaining a<br />
<strong>credit</strong> <strong>card</strong> is doable. It's going <strong>to</strong> require research and a little work. Here are some tips <strong>for</strong> getting<br />
qualified <strong>for</strong> a <strong>credit</strong> <strong>card</strong> with <strong>bad</strong> <strong>credit</strong>.<br />
Apply For A Bad Credit Credit Card<br />
There are two types of <strong>bad</strong> <strong>credit</strong> <strong>credit</strong> <strong>credit</strong> <strong>card</strong>s. Secured and unsecured <strong>credit</strong> <strong>card</strong>s <strong>for</strong> <strong>bad</strong><br />
<strong>credit</strong>. Secured <strong>credit</strong> <strong>card</strong>s require <strong>that</strong> you put down a security deposit which becomes a <strong>your</strong> <strong>credit</strong><br />
limit. Within 2 years of obtaining <strong>your</strong> secured <strong>card</strong>, it will become unsecured and <strong>your</strong> security deposit<br />
returned <strong>to</strong> you.<br />
Then there are unsecured <strong>credit</strong> <strong>card</strong>s <strong>for</strong> <strong>bad</strong> <strong>credit</strong>. There are actually several different types of these<br />
<strong>card</strong>s. When looking <strong>for</strong> them online use the keywords: <strong>bad</strong> <strong>credit</strong> <strong>credit</strong> <strong>card</strong>s, unsecured <strong>credit</strong> <strong>card</strong>s<br />
<strong>for</strong> <strong>bad</strong> <strong>credit</strong>, <strong>bad</strong> <strong>credit</strong> <strong>card</strong>s.<br />
1. Unsecured <strong>credit</strong> <strong>card</strong>s <strong>for</strong> <strong>bad</strong> <strong>credit</strong> – are <strong>card</strong>s <strong>that</strong> do not require a security department.<br />
When we work with <strong>credit</strong> repair clients, we use these <strong>card</strong>s if the client doesn’t have the<br />
money <strong>to</strong> put down <strong>for</strong> a secured <strong>credit</strong> <strong>card</strong>. The reason we prefer the secured <strong>credit</strong> <strong>card</strong>s is<br />
<strong>that</strong> while these unsecured <strong>card</strong>s are nice. They come with an application fee (they may use<br />
another name) but these are fees <strong>that</strong> must be paid be<strong>for</strong>e you <strong>can</strong> start using the <strong>card</strong>. These<br />
fees <strong>can</strong> range from $50 <strong>to</strong> as much as $300! They put the fee on the <strong>credit</strong> <strong>card</strong> so <strong>that</strong> you<br />
have <strong>to</strong> pay off the fee <strong>to</strong> be able <strong>to</strong> utilize <strong>your</strong> full <strong>credit</strong> <strong>card</strong> balance. That’s why we say if<br />
you save up at least $300 and apply <strong>for</strong> a secured <strong>card</strong>. You get <strong>that</strong> $300 back when <strong>your</strong> <strong>card</strong><br />
goes unsecured. But if <strong>your</strong> budget is tight and you <strong>can</strong>’t do <strong>that</strong>, then unsecured <strong>bad</strong> <strong>credit</strong><br />
<strong>credit</strong> <strong>card</strong>s are the answer!<br />
2. Merchandise <strong>card</strong>s - These <strong>card</strong>s are also called catalog <strong>card</strong>s or guaranteed approval <strong>credit</strong><br />
<strong>card</strong>s. They are unsecured <strong>card</strong>s and many don’t even <strong>credit</strong> check. With these <strong>card</strong>s you <strong>can</strong><br />
only buy items <strong>that</strong> are in their catalog. The key <strong>to</strong> <strong>find</strong>ing a good merchandise <strong>card</strong> is <strong>that</strong> it<br />
needs <strong>to</strong> report <strong>to</strong> at LEAST one <strong>credit</strong> reporting agency like the Freedom Gold Card. It reports<br />
<strong>to</strong> 1 <strong>credit</strong> bureau and will help you <strong>rebuild</strong> <strong>your</strong> <strong>credit</strong>.<br />
Apply <strong>for</strong> a Retail or Gas Credit Card<br />
If <strong>your</strong> <strong>credit</strong> <strong>score</strong> is at least a 600 you want <strong>to</strong> look at a retail (s<strong>to</strong>re) <strong>credit</strong> <strong>card</strong> or a gas <strong>card</strong>. Read the<br />
<strong>credit</strong> requirements carefully be<strong>for</strong>e you apply. Many of them will put their minimum <strong>credit</strong> <strong>score</strong> in the<br />
FAQ or in the break down of interest rate and fees.<br />
Retail accounts <strong>can</strong> be easy <strong>to</strong> qualify <strong>for</strong>. Especially if you are there with items in hand ready <strong>to</strong> make a<br />
purchase! S<strong>to</strong>res <strong>that</strong> have furniture departments tend <strong>to</strong> have on premises <strong>credit</strong> departments.<br />
Sometimes talking with the agents and explaining <strong>your</strong> situation <strong>can</strong> turn a No <strong>to</strong> a YES! Just make sure<br />
you bring in paystubs <strong>to</strong> back up <strong>your</strong> ability <strong>to</strong> pay.