Credit cards for bad credit
Finding the most suitable credit cards for bad credit may not be the easiest thing in the world. Instead of struggling alone, we can help you to find the best credit cards for people with bad credit.
If you have been turned down for credit in the past due to your credit history being less than perfect you will know how frustrating it can be. Not having a credit card to fall back onto is tough and you might think it impossible to ever get back onto the credit ladder. Fear not, as we specialise in finding customers the most suitable lenders offering the most suitable credit cards.
Is It Possible to Get Credit Cards for very Bad Credit?
Yes, it is possible even to get credit cards for very bad credit. You may have been turned down by lenders in the past and you have no idea of what your credit score is, or how bad it is. Luckily, there are sites where you can find out your credit score before applying for a credit card. Credit Report suggests that the average rating is 658. The criteria for determining a poor credit score may differ with other companies. You may be interested in checking out your score so you know exactly where you stand and it has become easier to do so according to the government.
Regardless of how poor your credit rating is you still might be able to get a credit card. We work with lenders offering credit cards for people with bad credit with the best rates of interest possible for your circumstances. We can save you time, as you do not have to apply to different lenders in the hope, they will say yes or feel deflated if they turn you down.
Secured Credit Cards for Very Bad Credit
Lenders may offer secured or unsecured credit cards to people with bad credit. If your credit score is particularly poor, you might be offered a secured credit card. This means you typically have to pay a security deposit, which may vary between lenders. If you default on the repayments, the lender will take money from your deposit. Generally, the more you are willing to deposit, the higher the credit card limit. The downside is that this requires you to have money that is not tied up. These cards may also come with annual fees attached.
Get Instant Approval Credit Cards for Bad Credit
In some cases, we may be able to help you to obtain instant approval credit cards for bad credit. Instant approval might come in very handy if you are applying for a credit card due to needing money immediately for an unexpected financial burden. For instance, you might not have the cash and might need access to credit to pay for:
- Your cars MOT or to replace a tyre that got a puncture;
- A bill you forgot to budget for which has landed on your doorstep;
- Repairs to your freezer or washer, which cannot wait until you save the money.
- You just want peace of mind that if something comes up unexpected you have the finances to deal with it immediately.
The above are just some of the many ways instant approval despite bad credit, would be a lifeline.
Points to Bear in Mind about Credit Cards for People with Bad Credit
One thing to bear in mind when applying with us for credit cards for people with bad credit is that the rate of interest may typically be higher than if you have a good credit score.
While the interest rate may be higher, if you maintain the repayments and show you are a responsible lender, you might eventually repair your credit rating and be able to move away from credit cards for bad credit and enjoy lower APRs and higher borrowing limits.