Saturday, March 15, 2008

Credit Cards for Poor Credit Rating

What can be done if we are having poor credit rating? Can we still apply for credit cards? Actually there is a solution or way to improve one's financial situation. You can apply for the bad credit card or secured credit card which is a credit card that can offer the opportunity for people who wants to learn to control their spendings and which in turn can improve and reestablished their credit rating.

The credit card company will keep an amount in their account to ensure future repayments and the credit limit where one can use with the credit card depends upon this amount for up to 50% - 100% of the cash balance. There are fees and charges involved with different credit card companies. Do search out those that may waive these charges or one that offers minimum fees.

No comments:

Post a Comment