Compare Bad Credit Credit Cards
Bad Credit Credit Cards
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Latest Credit Cards News
Get a market leading 6.5% on your credit card balances for life.
20 Aug 08
Buying a uniform and a gym kit is no longer enough for many - with mobile phones and mp3 players also must-have items for the playground.
20 Aug 08
The new service is proving popular - and card use is ont the up too, the payments service says.
18 Aug 08
Conservative customers are preferring to stick with what they know, rather than switching card providers to benefit from attractive rates.
18 Aug 08
Spending big to keep up with friends, style-wise, is causing some irresponsible financial habits among Britain's teens.
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Bad Credit Credit Cards
Many people find it difficult to get credit, either because they are new to credit (and have no credit rating) or because they have a poor credit rating. Bad credit credit cards are specifically designed to help improve credit scores and will often be available to individuals whose credit card applications have been turned down elsewhere.
It is best to use a bad credit credit card simply to build a credit score and pay the full balance off monthly. This is because they tend to have much higher interest rates than standard cards and additional interest could, over time, greatly increase the amount you owe.
Providers of bad credit credit cards charge higher interest rates as a form of insurance against people who fail to make repayments. By using the card, making payments on time and staying within your allocated credit limit, over time your credit score should improve.
After demonstrating financial responsibility over a period of time, not just with your credit card but with your other financial commitments too, you should become eligible for standard credit cards which offer more generous credit limits at lower interest rates.
