Getting a Credit Card When You Have Bad Credit
November 27, 2008 – 3:57 pmIf you have bad credit, getting a credit card is difficult, but not always impossible. Once you get your finances under control, your goal is to build your way to a regular credit card issued by a bank. There are several ways to do this, from applying for a card from a small retailer or gasoline company to getting a secured credit card.
Is Having a Credit Card a Good Idea?
Before you try to get a new credit card, be honest about whether you will use it wisely. Credit cards can be dangerous to your financial well-being if you use them to buy things you cannot afford. If misusing credit cards is what caused your credit rating to sink in the first place, then perhaps it would be wise to steer clear of credit cards for the time being.
However, there are several very good reasons to have a credit card:
* For an emergency: A credit card can be a lifesaver if you have to pay for emergency expenses that go beyond your savings — for example, repairing a leaky roof or paying for a necessary medical procedure. Read the full post
Tags: Bad credit, Bad Credit History, Build Credit, Get a Card, No Credit, Rebuild Credit