A very common question that I get asked frequently is whether it’s possible to get credit cards with bad credit. This of course depends on a variety of factors, including how bad your credit score actually is. Getting an unsecured card probably won’t be possible unless you have a score that’s in a certain [...]

Getting credit when you have bad credit honestly isn’t easy. I know from personal experience. It wasn’t that long ago that my credit was trashed. I couldn’t get a line of credit to save my life. I couldn’t get credit cards and I couldn’t get loans (actually I couldn’t even get a cell phone [...]

Most people understand how credit cards can help them to build credit. However, very few people are familiar with secured credit cards. There aren’t generally television commercials about them and people don’t talk about them a lot. These cards can be an extremely useful credit building tool, if you understand how to use them.
The [...]

Now that is a tough question! Talking about credit cards is never black and white, because people use them with varying degrees of responsiblity. That said, this lesson should give you a decent idea of how much secured credit cards can help your credit score. Since there are different types of people who would [...]

There are a lot of people out there who would like to improve their credit ratings. Some of them already have credit lines, and for them it’s easy. All they have to do is make on-time payments on their credit cards, keep their balances low, and avoid major catastrophes. However, it gets a lot [...]

First, I would analyze my credit situation. What I would primarily need to know is whether I currently have any open credit cards. Chances are, if I have a 550 credit score, I have ruined my credit lines, thus losing my ability to build credit.
If I had open credit lines, I would never again [...]

Use – the main reason that people use these credit cards is to build their credit. Secured credit cards and unsecured credit cards are most definitely preferred over this option, of course, there are individuals who can’t qualify for those options. Most people can get approved for a secured card, unless they have had [...]

Primary use – Building credit when you have no credit. These credit cards are also extremely useful for rebuilding credit when you have bad credit. Either way, you are a high risk for a bank or card company because you don’t have a history of paying your bills on time. Because of that risk, [...]