Bad Credit Good Solutions

 

Poor Credit Rating Cards!

Poor Credit Rating Cards!

Having problems being accepted for credit?  At this time of year, finding enough cash to cover costs is key to most people.  In fact, the need for funds leads many to look at ways of borrowing extra – but find that many lenders turn their request for credit down.

One of the handiest ways to borrow is via a credit card – yet these are just as hard to get as other types of credit. 

Whether you have a low income, are self employed, have a low credit score or are new to Britain, it can be really tricky getting a card issuer to accept your application. 

Yet there is a type of credit card that will be suitable for such cases: the Poor Credit Rating Card.

Bad Credit Good Solutions lists Poor Credit Rating Card providers, so that you can find a lender willing to take you on.

Using the comparison table, look at areas like:

-          Credit Limit

You might find this is a bit lower than on an ‘upmarket’ credit card – this is because the lender wants to cap your spending – but you will find some good deals.  The better you keep up with your repayments, the higher your credit limit.

-          APR

You’ll notice this is a bit higher than on a regular card, but this is because the lender wants to hedge their risk.  This is because, as a “low credit” borrower, you are seen by the card company as being less likely to be able to pay off your card regularly.  Prove them wrong!

-          Credit Builder

This is one of the really great features of a Poor Credit Rating Card.  A credit builder allows you to build up your credit rating based on your performance on this card.  Then, when you go to borrow in future, your chances will be better than they are now!

These are just some features of Poor Credit Rating Cards.  Make sure you really weigh up the options before applying for credit – and don’t forget to ask yourself how badly you need the extra cash and whether you’ll be able to keep up with the repayments!