Print Article
  BookMark Article

Author Login    Author Login

Existing members will have to use the lost password facility to get new username and new password

Welcome Guest! Please login or create an account.



If you do not have an account yet, you can register ( Here ), or you may retrieve a lost user/pass ( Here ).

Navigation    Navigation

   10 newest articles RSS

Author Highlights    Featured Author

ajit nayak

View My Bio & Articles

Webmaster Carromgear

View My Bio & Articles

Dean Anderson

View My Bio & Articles

Other Websites    Websites of Interest

Credit Cards For Bad Credit: Available With Riders

Author : Spencer Scott

Nobody likes to be tagged with bad credit intentionally. It happens when he cannot manage the finance as his income is limited and fixed. It also happens if he is careless about what problems he will have to face after tarnishing the credit record. Whatever may be the reasons behind his having bad credit, it is sure that getting credit cards for bad credit is not easy. It is not easy, but it is not impossible to secure approval too. Credit cards are available in three different categories which are 1) unsecured, 2) secured and 3) prepaid.

A person who has got approval for the credit card for bad credit in unsecured form will have an opportunity to enjoy the credit facility up to limit of a few hundred pounds. Companies which provide such credit cards are to take enough risk in their investment. This is why they charge interest at very high rates.

Credit card providing companies have offer of secured form of credit cards for bad credit. The person who wants to avail this must, at the start, deposit an amount with the company which will be treated as a bond. The bond will act as collateral. The bond will produce interest for the person's account, and the person will get back the deposit if he closes his account. The secured card gets its change in character and behaves like one of the unsecured category.

Credit cards for bad credit in the pre-paid cards category are similar to the debit cards issued by the bank. The holder of such card can draw from the amount which he has deposited with the company. Cash withdrawal, payment through online and such other operations are allowed. The holder must know if there are operational charges which some of the companies deduct.

Persons should study the following things before they would go for securing credit cards for bad credit:

1. Terms and condition framed by the credit card provider company
2. Rates of interest, fees and hidden charges (if any)
3. If the companies send reports of the transactions made by the credit card holder to the financial bureaus

It is possible for the holder of credit card bad credit to improve his credit status and he should be sincere in payment behavior to achieve this. This will help him a lot in future.

Author's Resource Box

Spencer Scott is author of No Credit Check Credit Cards.For more information about no credit check credit cards, credit cards for unemployed visit

Article Source:

Tags:   credit cards, bad credit credit cards

Author RSS Feed   Author RSS Feed     Category RSS Feed   Category RSS Feed


  Rate This Article
Badly Written Offensive Content Spam
Bad Author Links Mis-spellings Bad Formatting
Bad Author Photo Good Article!




Submitted : 2011-08-29    Word Count : 423    Times Viewed: 579