What Poor Credit Rating Credit Cards are Available?
• Unsecured bad credit credit cards. Lenders are understandably a bit cautious initially so charges tend to be high and credit limits low (typically just $250). After at least six repayments have been made punctually, many lenders will offer a more generous credit limit. • Secured credit cards. The provision of security (home, car or cash) means that the lender is prepared to offer a more substantial credit limit. However, failing to keep up with repayments can lead to the loss/sale of any agreed security.Adverse Credit Cards That Help to Manage Money More Effectively Whilst a pre-paid credit card can help with money management, there is no credit limit. Customers load cards with their own money so financial institutions don’t report to credit reference agencies each month. However, this card should be considered by those who have historically found it difficult to manage personal debt. Providers profit when customers make purchases. They also charge a fee when money is loaded onto the
