Credit Cards With Bad Credit – have you got bad credit and are you in need of a credit card?

Searching for Credit Cards With Bad Credit?

There are many reasons why you can find yourself in the position of having a bad credit history and reasons for needing credit cards with bad credit. By not making loan or credit card payments, or even making late payments, it can have a detrimental affect on your credit rating.

Your credit history matters

If you have been declared bankrupt, have entered into an Individual Voluntary Arrangement (IVA) or have had a County Court Judgment (CCJ) taken out against you, these can all lead to your credit history being bad.

When applying for a credit card lenders look at an individual’s credit history to decide on whether they will be accepted or declined. If you have checked your credit rating or have history of late payments or CCJ’s etc it is likely you will be declined for a standard credit card.

Don’t keep applying!

Each time you apply for credit it will show up on your credit file. It is always a good idea to regularly check your credit file and be aware of the information providers see based on your credit history.

It is also a great way for those wanting credit cards with bad credit to see how they can improve on their credit rating and to correct any details that are incorrect.

credit cards bad credit

What cards are available?

Being aware of this information and dealing with your bad credit there are many credit card offers available on the market that will accept you. These credit cards are designed to help individuals to improve their credit rating from bad to good, sometimes within 6 months, if used correctly.

When applying for credit cards with bad credit it is unlikely that you will receive the introductory offers that may be offered to those with a good credit rating. However, if used correctly you may be given a better interest rate over time.

A good way of using credit cards with bad credit and to help build a good credit rating is to use the card frequently, stay below your credit limit and ensure you pay your balance each month on time. A bad idea when using your credit card is borrowing more than you know you are unable to pay back.

Regardless of how you have come to having a bad credit rating don’t despair, there are suitable credit cards with bad credit out there on the market that will meet your needs. If used correctly you can use bad credit rating credit cards to work on building a better credit rating for your future.